The US office sector at midyear is poised for continued growth, Marcus & Millichap says in a new report. Thanks to ongoing expansion in a number of office-using employment sectors as well as a slower pace of new deliveries, the national vacancy rate is expected to keep ticking downward while rent growth is expected to average 3.9% for the year—and considerably more in tech hubs.
US Office: Demand Keeps Outpacing Supply