The coronavirus has forced Colliers International to make “adjustments” that counterbalance present and the future negative trends that the coronavirus pandemic has had on its national office markets.

Before the coronavirus, leading housing markets in the US showed signs of cooling in the first quarter of 2020. While rents saw minimal changes, once the coronavirus led to stay-at-home orders and social distancing restrictions, market vacancies and lower absorption have increased. According to the Colliers Q1 2020 Top Office Markets Snapshot Report, absorption was negative in four markets and felt in two more.

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Michael A. Mora

Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is a litigation reporter for the Daily Business Review, as well as an editor for ALM Global. You can email him at [email protected].

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