The changing nature of office space

With job losses far exceeding initial expectations, the U.S. office market may be entering “unfortunate new territory,” according to CoStar’s latest analysis. “The extent of job losses to date far exceeds the 5.3 million assumed by the economic inputs underlying our current office forecasts,” Roessle said. So CoStar has been re-running its forecasts, using new guidance calling for job losses totaling 23.8 million in the second quarter … Read the complete article (PDF)