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Home / Inside Tract / Office Construction Lifts U.S. Asking Rental Rate, But Slowing Absorption In Q3 Raises Concerns (access required)

Office Construction Lifts U.S. Asking Rental Rate, But Slowing Absorption In Q3 Raises Concerns (access required)

A rising tide of new office projects may be skewing the national average rental rate upward and obscuring increased leasing challenges for second-generation properties in many markets, Transwestern’s latest U.S. office market report suggests. Monthly asking rent averaged $26.97 per square foot in the third quarter, representing a 3.4% increase from a year earlier and a ...

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