Jones Lang LaSalle: Office Occupier Outlook Q3 2010
In its outlook for office occupiers, Jones Lang LaSalle advises corporations not to wait to seek commercial real estate deals.
Uncertainty in the labor market is limiting broad-based demand for commercial real estate. But corporate profits have boosted confidence, having increased 65 percent since reaching bottom in the fourth quarter of 2008. Many corporations have invested these profits in their facilities.
In 2011, the amount of choice in the leasing market will begin to decline. Looking ahead, the office market is still far from its peak, and low competition for space nationally will result in a tenant-favorable market.
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