In Q3 net absorption turned positive in 56% of the metros Colliers tracks, up from one-third in Q2.
October 19, 2021 at 07:13 AM
3 minute read
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Net absorption for US office product is trending positive in more than half of all major US metros, in a sign that changes are coming for the beleaguered sector.
It’s especially good news for South Florida, according to Colliers’ Stephen Newbold, who found it posted almost 2 million square feet of positive absorption last quarter. Of that total, Miami accounted for 859,400 square feet.
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Miami Downtown skyline in daytime with Biscayne Bay. Credit: Daniel Korzeniewski/Adobe Stock.
