15 Markets Where Investors Should Still Bet on Offices

The office space segment of the commercial real estate (CRE) market was particularly hard hit by the pandemic and may be the slowest to recover, but recovery appears to be underway.

According to a report issued in mid-January by Jones Lang Lasalle (NYSE:JLL), net absorption in the U.S. office market turned positive in the fourth quarter of 2021. That marks the first time since the pandemic began that more square footage became occupied than was vacated during a quarter.

Here's a look at 15 markets that, according to JLL data, saw notable hikes in net absorption in Q4, making them a good place to consider getting involved in the early stages of a promising recovery.

Vacancy percentages and the amount of new construction underway (as a percentage of total inventory) also are included. The former speaks to space to be filled, while the latter indicates confidence on the part of developers and investors.

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