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Cushman Wakefield : Office Availability Rate to Rise and Rent to Drop Further throughout 2021

  • Written by Media Outreach

Retail Market Rebounded with 30% Sales Increment in February

 

Highlights of Office Market:

  • Citywide rents down 24.4% from the last peak in 1Q 2019
  • Negative net absorption of 900,000 sq. ft.
  • Availability at record high of 14% since 2Q 2004
  • Forecast rents to decline further till the end of 2022

Highlights of Retail Market:

  • Local demand drove retail...

Read more: Cushman Wakefield : Office Availability Rate to Rise and Rent to Drop Further throughout 2021

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