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Office Space Demand Forecast, Second Quarter 2023
Thursday, June 1, 2023
The national office market experienced total negative net absorption of 21.3 million square feet through the fourth quarter of 2022 and the first quarter of 2023, bringing the vacancy rate to 17.8
The Forces Shaping Office Space Demand Webinar
NAIOP webinars deliver expert insights into the latest research and trends to help you make informed business decisions. Webinars are free for NAIOP members. Nonmembers can register for a smallOffice Space Demand Forecast, Second Quarter 2024
Thursday, June 6, 2024
The office market performed worse in the first quarter of 2024 than previously forecast, with national office net absorption totaling a negative 13.4 million square feet. Office utilization has
Office Space Demand Forecast, Second Quarter 2021
Wednesday, May 26, 2021
Increasing COVID-19 vaccination rates and strong economic growth will help demand for office space rebound, with a return to positive net absorption forecast for the fourth quarter of 2021. Quarterly
Suburbs, Office Space and – Peanut Butter?
Monday, December 20, 2021
In September, NAIOP brought together national research directors and academics for an in-depth discussion of the future of the office in the aftermath of the COVID-19 pandemic.
open_in_new Fornes Mark
Friday, December 30, 2022
Mark Fornes
Mark Fornes is president of Fornes Properties, a leading developer of office/warehouse (flex) space in the Dayton, Ohio region. Mr. Fornes has been a NAIOP member since 1979 and was a
Industrial Space Demand Forecast, Third Quarter 2018
The forecast for demand for industrial space has risen because of increased expectations of broad macroeconomic growth and job generation for the remainder of 2018 and 2019. According to Dr. HanyIndustrial Space Demand Forecast, Third Quarter 2019
The forecast for net industrial space demand has decreased amid slower growth in the U.S. economy. Absorption is now expected to average 37 million square feet per quarter for the next two years,Office Space Demand Forecast, Second Quarter 2017
As the economy improves, so does the forecast for net absorption of office space. According to Dr. Hany Guirguis, Manhattan College, and Dr. Joshua Harris, University of Central Florida, the forecastOffice Space Demand Forecast, Second Quarter 2019
The U.S. office market continues to expand ahead of forecast, posting 18 million square feet of net absorption in the fourth quarter of 2018 and 11 million square feet in the first quarter of 2019.Office Space Demand Forecast, Second Quarter 2025
Friday, May 30, 2025
The national market for office space continued to rebound with a fourth consecutive quarter of positive net absorption. First-quarter absorption totaled 5.6 million square feet, which followed 7.3
Industrial Space Demand Forecast, First Quarter 2024
Wednesday, March 6, 2024
With the U.S. economy expected to continue to grow slowly, the authors estimate that quarterly net absorption of industrial space will average 14.0 million square feet per quarter over the next
Industrial Space Demand Forecast, Third Quarter 2023
Thursday, August 31, 2023
Given current economic conditions and recent demand trends, the authors estimate that quarterly net absorption of industrial space will average 52.6 million square feet over the next two years.
Industrial Space Demand Forecast, Third Quarter 2020
Although industrial real estate has outperformed other commercial property types this year due to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption willOffice Space Demand Forecast, Second Quarter 2016
The national office market is forecast to absorb approximately 34.6 million square feet of space in 2016, down from 62.1 million square feet in 2015, as economic growth flattens in the U.S.,Office Space Demand Forecast, Fourth Quarter 2019
The U.S. office market continues to perform as expected, with an average of 14.7 million square feet absorbed per quarter in 2019. Overall employment growth remains steady and is especially robust inOffice Space Demand Forecast, Fourth Quarter 2018
The U.S. office market posted solid net absorption levels in the second and third quarters of 2018 of 18.0 million and 11.0 million square feet, respectively. This level of new leasing is likely dueIndustrial Space Demand Forecast, First Quarter 2023
Wednesday, March 1, 2023
Despite rising interest rates and growth in the supply of new space entering the market, the outlook for industrial real estate remains bright as supply chain conditions steadily improve. Low
Industrial Space Demand Forecast, Third Quarter 2022
Wednesday, August 17, 2022
The forecast authors, Drs. Hany Guirguis and Michael Seiler, expect the still-hot industrial market to cool, and predict that the net absorption rate will continue to decline until it returns to the
Office Space Demand Forecast, Fourth Quarter 2022
Wednesday, November 30, 2022
Net office space absorption in the fourth quarter of 2022 is forecast to be 7.1 million square feet, with absorption in 2023 forecast to slow to 8.1 million square feet for the entire year. Moving
