Sales and Office Occupations per Capita

The following chart shows sales and office occupations per capita. I have added linear trend lines for the last four economic expansions.


Click to enlarge.

Can you say rolling over?

October 1, 2014
Calculated Risk: Reis: Office Vacancy Rate unchanged in Q3 at 16.8%

There will not be a significant pickup in new construction until the vacancy rate falls much further.

For what it is worth, I predict that there will never be a significant pickup in new office construction.

Source Data:
St. Louis Fed: Custom Chart