For a while, it looked like the U.S. office market had once again become the landlords’ playground, at least in core cities. But overbuilding could upset this trend, giving more negotiating power back to office tenants, warn researchers. On a national basis, the amount of available office space dropped to 16.9 percent in the second quarter, the first time the rate has been below 17.0 percent since 2008, according to a recent report by Savills Studley, a global commercial real estate ...New Construction Poses Threat to Office Sector Fundamentals
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