đź“ťCRE360 Take:
Colliers published its Q3 2025 update for leading U.S. office markets on October 16. Key findings include marked contraction in the development pipeline and continued elevated vacancy in many markets.
 While Colliers notes the shrinkage in supply risk, it emphasises that broad leasing recovery remains patchy. The narrative appropriately highlights bifurcation: gateway markets showing relative strength, second-tier markets lagging. What’s missing: deeper segmentation by asset quality (Class A vs B/C), and more granularity on capital market stress.
Signal: selective “hold/evaluate” posture in office: favour markets and assets with supply constraints, strong amenities, and tenant demand tailwinds; avoid generalized asset exposure in markets still facing structural headwinds.
Publisher Credit:
Full report: Colliers — U.S. Leading Office Markets | Q3 2025
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