Reis: Office Vacancy Rate unchanged in Q3 at16.0%

Reis released their Q2 2016 Office Vacancy survey this morning. Reis reported that the office vacancy rate declined to 16.0% in Q2, from 16.1% in Q1. This is down from 16.4% in Q3 2015, and down from the cycle peak of 17.6%. From Reis Senior Economist and Director of Research Ryan Severino: The national vacancy rate was unchanged in the third quarter at 16.0%. It had fallen for the eight previous quarters. While one quarter does not make for a trend, the year's overall performance has been lackluster. Vacancy has fallen only 20 basis points year to date, in 2015 the vacancy rate fell ......(read more)

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