Office Report: Will it be Heaven in 2011?

When it comes to recovery in the nation’s office market, don’t expect much change to the upside until 2011, according to a new report from Marcus & Millichap. The firm’s 2010 National Office Property Report tracks 44 major markets across the U.S. based on a series of 12-month forward-looking supply and demand indicators.

Here’s the bottom line: the Marcus & Millichap index projects that vacancies will climb and rents fall in all of those markets this year. But the worst of it should be coming to an end.