NAIOP Projects Negative Absorption of Office Space to Continue in the Short Term; Expects Positive Trend to Begin in the Second Quarter of 2021
A new office space demand forecast published by the NAIOP Research Foundation projects a period of negative absorption through late 2020 and early 2021, but total net absorption from Q2 2021 to Q3 2022 will exceed negative absorption from the recession, resulting in overall gains. In addition, the forecast negative absorption is less than the negative absorption…
