In Q1 2016, economic indicators remained positive. Interest rates have remained low, the extreme volatility in the financial and commodities markets has moderated and job creation continued a long streak of robust gains. Those solid results have translated to strong performance in the office sector. Vacancy rates continued to decline, absorption remained positive and Class A asking rents in both the CBD and suburban areas posted healthy annual increases. While sales volume decreased, pricing has remained elevated as the inventory of top quality assets available has diminished.
Source : Colliers International