JLL Research- Expanding Tenants drove further Occupancy gains in Q2

The first half of 2016 has, no doubt, been filled with surprises, but results from the second quarter indicate that office markets across the United States remain stable and are, in many cases, still growing. Expanding tenants drove further occupancy gains during the quarter, which were most pronounced in tech and Sun Belt markets where demand has beenboth persistent and growing. Meanwhile, primary markets remained among the tightest in the country with New York, San Francisco and Seattle maintaining single-digit of vacancy. With continued global economic uncertainty- most investment strategies, evidenced by a shift back to primary markets and a focus on lower risk submarkets. This is benefiting sellers in these market segments with strong liquidity and continued pricing gains.