Office space market to get worse, expert claims

Victor Calanog, director of research at Reis Inc., has stated that the US office space market has yet to hit rock bottom.

Whilst many commentators have been quick to look for green shoots of recovery, Calanog has said that the worst is not over yet.

“Weakness in rents is not concentrated in just a few cities,” he said, “We have yet to observe clear, systematic evidence that the office market is bottoming out.”

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