United States of America ViewPoint - How are the largest U.S. Office Markets Poised to Handle the Next Recession? August 2016
Differences among markets and the factors that drive them are a crucial consideration in preparing investment portfolios for recessions, and in identifying investment opportunities when growth returns. Here, we model the effects of a major 2008-type recession on the 10 largest U.S. office markets, analyzing rent and vacancy responses to severe drops in employment. We find major response variation across markets.