The unemployment rate fell to 2.6% during the final quarter of 2018, which is its lowest point in over ten years.
Major gains in the office market are unlikely without a corresponding increase in oil prices, though prices have stayed near the $55 per barrel average required for profitability, according to the Kansas City Federal Reserve.
The office market saw positive absorption and a decline in vacancy for the second consecutive quarter.
Investment sales volume added up to $14.5 million and 110,897 sq. ft., which is in line with historical averages.