{"id":26053,"date":"2017-04-05T09:53:33","date_gmt":"2017-04-05T09:53:33","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=26053"},"modified":"2017-04-05T09:53:33","modified_gmt":"2017-04-05T09:53:33","slug":"u-s-office-vacancy-rate-flat-first-quarter","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/u-s-office-vacancy-rate-flat-first-quarter.html","title":{"rendered":"U.S. office vacancy rate flat in first quarter"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">U.S. office vacancy rate flat in first quarter<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">U.S. office vacancy rate flat in first quarter:- U.S. office vacancy rate was flat at 15.8 percent in the first quarter of 2017, compared with the fourth quarter of 2016, according to real estate research firm Reis Inc (REIS.O).<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Asking rent rose 1.8 percent in the first quarter from the same period a year earlier, marking the slowest annual rate of office rent growth since 2011. Effective rent rose by 0.4 percent.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">If the new U.S. administration simplifies or lowers tax rates, job growth could increase and spur higher growth in the office market, said Barbara Denham, senior economist at Reis.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">&quot;Overall occupancy expanded in the first quarter, but growth continued to disappoint as net absorption was the lowest since 2014,&quot; Denham said in a statement.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Net absorption, which is measured in terms of available office space sold in the market during a certain time period, plummeted more than 65 percent to 4.92 million square feet.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Construction activity slowed, with 7.94 million square feet of new office construction completed during the quarter, compared with 9.09 million square feet in the fourth quarter.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:9px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-usa-property-office-idUSKBN1770AI<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/u-s-office-vacancy-rate-flat-first-quarter.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>U.S. office vacancy rate flat in first quarter U.S. office vacancy rate flat in first quarter:- U.S. office vacancy rate was flat at 15.8 percent in the first quarter of 2017, compared with the fourth quarter of 2016, according to real estate research firm Reis Inc (REIS.O). Asking rent rose [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":26056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[14491,14874,13030,16323],"class_list":["post-26053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business-news-headlines","tag-latest-business-news-today","tag-latest-news-online","tag-u-s-office-vacancy-rate-flat-in-first-quarter"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=26053"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/26053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/26056"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=26053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=26053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=26053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}