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Midyear 2020 Top 25 Office Markets Report

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A Look at Local Market Conditions for the Top 25 U.S. Office Markets

Our latest report examines local market conditions for 25 top U.S. office markets and identifies some of the challenges and opportunities ahead.

While the full impact of the COVID-19 pandemic is still unfolding, two particular trends are at the forefront: sublease space is ramping up and rents are set to face downward pressure. Net absorption has turned negative for the first time in 10 years and vacancy, while still low, is rising.

In our recently released special report: Office space in the post COVID era, we looked at the future of the office sector from a macro perspective. Now, moving to a micro view, this report ranks 25 top markets and analyzes the issues and opportunities they are facing.


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Midyear 2020 Top 25 Office Markets Report

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Steig Seaward

Senior Director, National Research

Los Angeles - El Segundo

Steig Seaward is the national director of research and oversees the research and GIS teams for the United States. A proven CRE tech leader, Steig brings 25+ years of experience providing research and analysis, product design and customer retention strategies across the information technology and commercial real estate industries.   

Prior to joining Colliers,  Steig spent nine years as the senior research director overseeing research and marketing operations for the east coast region of Grubb & Ellis and more recently was the EVP of Customer Success at Xceligent, a full service-SAAS based commercial real estate information provider.  Steig also served as the national director of Business Development and Client Services during his 13-year career at Xceligent.  In addition, Steig also gained valuable experience as the director of sales for IdealSpot, a demographic and site selection software provider, VP of Technology & Member Services for the Denver Metropolitan Commercial Association of Realtors and began his career as a research analyst for the Resolution Trust Corporation.

Areas of expertise include:

·       Commercial Real Estate Research & Analysis

·       Customer Facing Solution Sales

·       Product Design & Implementation

·       Customer & Employee Curriculum Development and Training

·       SAAS/Subscription-Based Services

·       Customer Success Development

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