The status of the U.S. office market.(BOMA Files)

Buildings,  November, 2006  

• E-mail
• Print
• Link

As the U.S. office market continued to stabilize in 2005, rents rolled down, lowering net operating incomes (NOIs) as old leases burned off. According to the data collected and reported in BOMA Intl.'s 2006 Experience Exchange Report (EER), the NOI for the U.S. private-sector office market decreased by 7.92 percent ($13.03 in 2005 vs. $14.15 in 2004). However, as the economy and the overall job growth continued to pick up, office occupancy increased slightly (89.7 percent in 2005 vs. 88.7 percent in 2004).

As the turmoil in Iraq and other corners of the Middle East continues ...

Read the rest of this article with a Free Trial at HighBeam Research.