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...