(Reuters) – U.S. office vacancy rate rose to 16.3 percent in the fourth quarter of 2017, from 16.1 percent a year earlier, rising for the first time in at least five years, according to real estate research firm Reis Inc .
Asking and effective rents increased 0.6 percent in the quarter, compared with the third quarter, registering the highest quarterly growth rate in six quarters. Rent growth was 1.8 percent for 2017.
Numbers - Deceleration - Occupancy - Rent - Employment
“The year-end numbers showed a consistent deceleration in occupancy but somewhat higher rent and employment growth than in previous quarters. We expect this trend to continue at the start of 2018 as more office construction is expected to come on line,” Barbara Denham, senior economist at Reis,...
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