Creating Resilience
Absorption Turns Positive in Most Office Markets
Chart of the Week
September 18, 2024 2 Minute Read
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In a recent chart, we noted that U.S. office net absorption turned positive for the first time in nearly two years. But how widespread is the positive demand?
The index below tracks the share of markets where demand is either expanding or contracting. A value higher than zero indicates that more markets are seeing positive absorption.
The index turned positive in Q2 2024 at 0.17. During Q2, 37 U.S. markets, or 58% of the total, recorded positive net absorption, up from just 23 markets a year ago.
Figure 1: Office Market Absorption Diffusion Index
Source: CBRE Econometric Advisors.
Contacts
Dennis Schoenmaker, Ph.D.
Global Head of Forecasting and Strategic Insight, Head of Data Centre of Excellence
