The U.S. office market could turn to slosh next year, as developers plan to add 68 million square feet of space — the highest increase since 2008. The massive development could lead to downward pressure on the country’s office rent growth, the Wall Street Journal reported. Citing a Cushman & Wakefield report, the Journal reported office rents have been rising across the U.S. for the past several years. From January through September, that reached an […]
source https://therealdeal.com/2018/12/19/saturation-nation-developers-to-add-68m-sf-of-office-inventory-in-us-next-year-report/
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