Some fundamentals are now approaching pre-pandemic levels.
Strong fundamentals, including surging net absorption, rising rents and increasing investment sales, are all signs that the U.S. office market may be “on the cusp of a new phase in the recovery market,” according to a new JLL report.
“There are a lot of reasons to be pleased about the direction the market is going,” Bruce Miller, JLL senior managing director and office group leader, told Commercial Property Executive. “In a lot of ways we’re approaching where we were pre-pandemic. And in some areas, we’re actually well beyond where we were pre-pandemic, certainly rental rates and some other factors that we track.”
Miller said office fundamentals began improving in the second half of 2024 and have continued to accelerate, particularly for Tier 1 and Tier 2 assets.
“We’re pretty excited about that after a tough couple of years,” he said...
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RSK: Not much new product coming on line so absorption is picking up. As far as sales go, it seems to be value added purchasers with a fix up short term hold and sell to realize gain. Maybe a 5-year hold instead of 10 yrs.
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- - Volume: 26 - WEEK: 38 Date: 9/15/2026 5:31:59 PM -