Advertisement
Back To Daily Digest
Office Market Is “Primed for Reboud” JLL Report Finds
Tags: BUSINESS

Office Market Is “Primed for Reboud” JLL Report Finds

JLL’s Q2 2021 office outlook report found that the office rental market is primed for rebound. 

JLL found that leasing activity was up by 48.4% in gateway markets, while gross leasing activity hit 34.7 million square feet in the second quarter of 2021, an increase from 28.7% in the first quarter. This is promising, as it is the first time since the onset of the pandemic that the market breaks 30 million square feet. 

Some markets, like Atlanta and Miami, are experiencing leasing activity above pre-pandemic levels, according to Scott Homa, senior director of office research at JLL. 

While the signs point to recovery, there is still a long way to go, as JLL found that quarterly leasing activity was still down by 41.6% from pre-pandemic levels. 

ABOUT Cecilia Amador de San José
Cecilia Amador de San José

Cecilia Amador de San José, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces. If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). View all posts by Cecilia Amador de San José

Latest on Daily Digest

Automation Means More Jobs
Automation Means More Jobs

Office Demand Recovery Highest In Cities With New Jobs
LinkedIn Embraces Remote Working

What Returning To The Office Means For The Commute
What Returning To The Office Means For The Commute

The Impact Of The Hybrid Work Model
The Impact Of The Hybrid Work Model

The Washington Post To Require Proof Of Vaccination
The Washington Post To Require Proof Of Vaccination

Suburban Coworking Spaces Are Having A Moment
Suburban Coworking Spaces Are Having A Moment

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • instagram
  • pinterest
Ad
Advertisement
Advertisement
Advertisement
Advertisement