A couple of months ago, we conducted an analysis to see which were the top markets for office deliveries during the final leg of 2017. The fall-winter pipeline placed New York City at the top of the list, followed by the tech-driven San Francisco, Plano, Texas, and Cupertino, home to Apple’s new ‘spaceship’ campus. We now thought it’d be interesting to see which cities will add the most office space in 2018, and which are the most notable projects currently under construction. By the looks of it, the Big Apple and San Francisco will remain the main targets for office development throughout the following year.
We used Yardi Matrix data to see what 2018 has in store for the U.S. office market. Our analysis shows that, on a national level, 347 buildings totaling close to 75 million square feet of new office space are on track for delivery next year, 47% of the total pipeline being located in suburban areas. Read on to see where development efforts are concentrated, which cities will add the most office space during 2018, and which are the top 20 projects currently underway.
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