Office Outlook In A Word: ‘Vigorous’
JULY 12, 2016 | BY JOHN SALUSTRI | GlobeSt.com
CALABASAS, CA— “Steady office improvement with balanced development buoy investor interest,” says Marcus & Millichap in its quarterly market report.
Office vacancy rates might still hover higher than pre-recession averages, but the outlook for the market remains positive, reports Marcus & Millichapin its Summer 2016 Office Outlook. (Marcus & Millichap is a GlobeSt.com Thought Leader.)
“As anticipated tenant expansions and job growth continue, the firm characterizes the market as ‘vigorous’ with the expectation of continued momentum,” remarked Al Pontius, SVP/national director of Marcus & Millichap’s Office Division.
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