March 14, 2018
- Nearly 60% of new office construction due for delivery in 2018 and 2019 is already preleased, underscoring strong demand for new, efficient buildings.
- More than half of new construction is preleased in all but one of the top-10 markets for construction activity.
- Several markets may face shortages of available new space in the near term. More than 80% of space slated for delivery in Boston, Philadelphia and San Francisco this year is already preleased.