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{
N A T I O N A L
}
2017 Top 10 Offi ce Markets
liulolo/Thinkstock
AvigoPhotos/Thinkstock
CCIM.COM
Source: Marcus & Millichap
* Not top-ranked metro in 2016
Source: CBRE Research, CBRE Americas Investor Intentions Survey, 2017
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A M E R I C A S
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Best Metros for Investment
2017 2016
Rank Metro Rank
=
1 Los Angeles 1
+
2 Dallas/Fort Worth 3
-
3 New York City 2
+
4 Washington, D.C. 8
+
5 Atlanta 6
-
5 San Francisco 4
+
6 Seattle 7
+
7 Houston *
-
8 Toronto 5
+
8 Boston 10
+
8 Denver 9
+
9 Chicago 11
+
10 Miami/South Florida 14
Offi ce Employment Percentage Growth Completions (000s of sf) Net Absorption (000s of sf)
2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 2016 2017
1.
Seattle-Tacoma 3.3% 4.2% 3.6% 4.7% 640 3,900 2,600 4,800 970 5,900 4,200 5,200
2.
Salt Lake City 3.6 2.2 6.5 4.7 1,400 1,700 3,600 850 2,500 700 4,800 1,100
3.
Columbus, Ohio 4.1 0.2 2.5 4.3 540 530 1,200 1,000 920 350 1,500 1,100
4.
San Jose, Calif. 7.2 6.7 5.5 4.2 1,600 3,900 2,700 9,500 2,400 4,700 1,600 7,900
5.
Fort Lauderdale, Fla. 3.9 3.5 4.3 3.5 410 320 350 870 1,400 260 690 1,200
6.
Dallas/Fort Worth 4.1 4.2 3.9 3.4 4,000 7,000 5,200 7,800 3,000 3,200 8,300 6,200
7.
Miami-Dade 5.8 1.8 3.0 3.4 460 190 550 1,200 2,000 890 800 1,300
8.
Baltimore 1.9 1.6 1.9 3.4 710 690 1,900 930 440 690 1,200 890
9.
Portland, Ore. 3.8 4.3 3.9 3.2 1,200 220 1,400 950 1,500 980 1,000 990
10.
Raleigh, N.C. 3.9 4.5 4.8 3.0 1,400 1,500 590 1,600 1,600 3,200 1,300 1,100