Per the CBRE | Hubbell Commercial Q2 2020 Office Marketview Snapshot, new deliveries continued at a modest pace in Q2 at 199 units, bringing the total to 450 units delivered through the first half of the year. We forecast an additional 600 units will be added by year-end, totaling approximately 1,050 units expected to deliver in 2020, down 52% from the previous 5-year average.
Read the full report and see year-to-year statistics here.
Per CBRE U.S. Multifamily Figures Q2 2020, this quarter is usually the strongest quarter of the year for multifamily demand, but Q2 net absorption fell to just 21,100 units—the lowest Q2 level since 2009. Market fundamentals likely will be under increased pressure in H2 2020 from continued high unemployment and less demand. The market should stabilize by Q1 2021 and show steady improvement after that.
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