Reis: Office Vacancy Rate unchanged in Q4 at 16.3%

Reis released their Q4 2017 Office Vacancy survey this morning. Reis reported that the office vacancy rate was unchanged at 16.3% in Q4, from 16.3% in Q3. This is up from 16.1% in Q4 2016, and down from the cycle peak of 17.6%. From Reis Economist Barbara Denham: Maintaining a steady balance between added supply and positive net absorption, the office market recorded no change in vacancy for the third quarter in a row. Currently at 16.3%, the national office vacancy rate has held steady most of the year climbing from a low of 16.1% at year-end 2016. Construction fell to 7.0 million......(read more)

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