{"id":1004025762,"date":"2011-01-13T06:04:35","date_gmt":"2011-01-13T14:04:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004025762"},"modified":"2022-12-06T03:29:22","modified_gmt":"2022-12-06T11:29:22","slug":"cushman-office-market-sees-positive-absorption","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-office-market-sees-positive-absorption\/","title":{"rendered":"Cushman: Office Market Sees Positive Absorption"},"content":{"rendered":"<p>January 12, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004025763\" style=\"width: 235px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004025763\" data-attachment-id=\"1004025763\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-office-market-sees-positive-absorption\/ricardodiaz11-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg\" data-orig-size=\"480,640\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"ricardodiaz11\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user ricardodiaz11&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg?w=480\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg\" alt=\"\" title=\"ricardodiaz11\" width=\"225\" height=\"300\" class=\"size-medium wp-image-1004025763\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg?resize=225,300 225w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a><p id=\"caption-attachment-1004025763\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user ricardodiaz11<\/p><\/div>\n<p>The U.S. office market is seeing positive absorption for the first time since 2007, according to Cushman &amp; Wakefield. The firm released statistics indicating an overall absorption rate of positive 2.2 million square feet at the end of 2010 \u2013 a whopping 106.5 percent increase from the negative 33.5 million square feet of absorption at year-end 2009.<\/p>\n<p>According to the report, increases in leasing activity and limited new construction were drivers of the positive absorption. Cushman found that overall leasing activity for U.S. central business districts totaled 62.4 million square feet at the end of 2010. That\u2019s a 26.3 percent increase from 2009, when 49.4 million square feet were leased.<\/p>\n<p>Cushman executive managing director &amp; head of Americas research Maria Sicola said that the positive absorption portends good things for the office market\u2019s recovery. She added that during this year, restricted new development will play a major role in sustaining that recovery.<\/p>\n<p>That\u2019s good news, because new construction is indeed limited. In 2010, there was 7.5 million square feet of new office space completed \u2013 a 40 percent drop from the 12.4 million square feet completed in 2009. It was also the lowest yearly total since 2005, when 5.2 million square feet was built.<\/p>\n<p>However, rental rates remain stagnant, according to Cushman. The overall rental rate for U.S. central business districts was $36.4 per square foot at the end of 2010, a $0.09 decrease from $36.5 at the end of the third quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm released statistics indicating an overall absorption rate of positive 2.2 million square feet at the end of 2010 \u2013 a whopping 106.5 percent increase from the negative 33.5 million square feet of absorption at year-end 2009. The nation hasn&#8217;t seen positive absorption since 2007. <\/p>\n","protected":false},"author":936,"featured_media":1004025763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747],"tags":[],"class_list":["post-1004025762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cushman: Office Market Sees Positive Absorption - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cushman-office-market-sees-positive-absorption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman: Office Market Sees Positive Absorption\" \/>\n<meta property=\"og:description\" content=\"The firm released statistics indicating an overall absorption rate of positive 2.2 million square feet at the end of 2010 \u2013 a whopping 106.5 percent increase from the negative 33.5 million square feet of absorption at year-end 2009. The nation hasn&#039;t seen positive absorption since 2007.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cushman-office-market-sees-positive-absorption\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-13T14:04:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T11:29:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/01\/ricardodiaz11.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Cushman: Office Market Sees Positive Absorption\",\"datePublished\":\"2011-01-13T14:04:35+00:00\",\"dateModified\":\"2022-12-06T11:29:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/01\\\/ricardodiaz11.jpg\",\"articleSection\":[\"Featured\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cushman-office-market-sees-positive-absorption\\\/\",\"name\":\"Cushman: Office Market Sees Positive Absorption - 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