Avison Young released its Mid-Year 2016 North America, U.K. and Germany Office Market Report today. The report noted the North American, U.K. and German office sectors reported overall healthy leasing fundamentals at the mid-point of 2016. Despite positive absorption on both sides of the Canada-U.S. border, vacancy in Canada has risen, while the U.S. rate decreased year-over-year, bringing vacancy in the two countries into closer alignment than at any time since the Great Recession. The effects of depressed oil prices continue to be felt in certain U.S. and Canadian markets – a situation that may result in further volatility affecting local leasing metrics.
To view the full report, click here.
