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Stock impact report

U.S. Office Market Stabilizes as Demand Concentrates in Leading Markets and Supply Continues to Contract

Cushman & Wakefield Ltd. Common Shares (CWK) 
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm Check Earnings Report
Company Research Source: Business Wire
Q1 data shows improving leasing momentum in New York, San Francisco and Orange County, while shrinking supply and falling sublease space begin to rebalance conditions NEW YORK--(BUSINESS WIRE)--The U.S. office market is beginning to stabilize, with improving demand, flat vacancy and a sharp pullback in new supply signaling a shift from broad-based decline to a more selective recovery.While overall office absorption was negative in the first quarter at -4.0 million square feet (msf), underlying demand has strengthened over the past year. The four-quarter rolling absorption total reached +5.2 msf, the highest level since early 2020.“The quarterly number doesn’t tell the full story,” said David C. Smith, Head of Americas Insights at Cushman & Wakefield. “What matters is that demand has been improving consistently over the past year, and that momentum is now showing up across a broader set of markets.”That momentum is not evenly distributed but it is spreading. In fact, if the four wea Show less Read more
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