Free WordPress Themes

Top CBDs in North America see solid growth in 2nd Quarter, U.S.

October 2015

Colliers, in its Q2 North American Office Market Report, has announced that office markets in the United States and Canada have demonstrated a steady growth but will lack in the force and pace of prior cycles. Additionally, construction is increasing, but remains below historic highs.

“Canada, more so than the U.S., has been negatively impacted by falling energy prices. However, we are seeing improvements in segments including housing, construction, auto sales and consumer spending, all of which is helping produce broad-based job growth,” says Cynthia Foster, President of National Office Services, Colliers International.

Absorption is likely to remain positive for the foreseeable future, as job growth demonstrates no signs of faltering in the U.S., especially in office-using segments such as business services, finance and technology. Key office markets—metros such as Manhattan, Los Angeles, Dallas, Seattle, Atlanta, San Jose, among others—are bustling with new leasing from a wide range of firms in technology, media, consumer products and more.