The U.S. office market continued its slow-and-steady recovery in the first quarter, with technology-heavy markets leading an overall modest growth of rents and occupancies...
While the tech-heavy markets keep growing, there are signs of a slowdown in markets heavily dependent on oil. Houston, home to nearly one-sixth of the office space under construction in the U.S., has seen a jump in sublease space.as energy employers shed offices.
At the end of the first quarter, 6.3 million square feet of sublease space was available, up from 4.8 million at the end of 2014, according to real-estate brokerage Savills Studley. These listings “were dominated by large blocks of space posted by those directly affected from the new normal of oil prices,” the company said in a report...Office Markets in Tech-Heavy Cities Lead 2015 Pack
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National Office Sector Report (Q4 2014)