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U.S. Office Market Slows

Second-quarter increase in net occupancy is smallest in a year.

By Hui-yong Yu, Bloomberg | Updated on July 03, 2012

The U.S. office market had its smallest increase in net occupancies in a year in the second quarter as job growth slowed, Reis Inc. said.

Net occupancies climbed by 4.14 million square feet (384,000 square meters) in the second quarter, the least since 2.73 million square feet was added a year earlier, according to the New York-based property-research firm. The gain in occupancies, the sixth in a row, compared with 6 million square feet in the first quarter.

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