U.S. office vacancy rate rose to 16.5 percent in first quarter says Reis Inc

Vastavam web: U.S. office vacancy rate for the first quarter rose to 16.5 percent, the highest since 2015, despite a healthy job market, according to real estate research firm Reis Inc.Construction and net absorption, measured in terms of available office space sold in the market during a certain time period, were above their average quarterly levels of 2017 at 10.9 million square feet and 6.2 million square feet, respectively.The report also expects the passing of the U.S. Tax Reform and Jobs Act to spur stronger office leasing this year.