U.S. office sector expected to remain strong through 2016 as demand for office space is expected to remain strong for the next two years. The U.S. office market absorption in 2014 was up 42% from a year earlier while fourth quarter posted the strongest absorption with over 30 million square feet. Net absorption of office space for 2014 was 91 million square feet compared to 64 million in 2013. Also, the amount of office space absorbed for the year was nearly double the level of new office space added to the market. Over the next couple of years, the absorption rate is expected to remain the same as for 2014, in the 90 million square footage range while the level of construction deliveries should ramp up as rents increases and vacancy numbers tighten which should spur developments. In addition, the vacancy rate U.S. office market dropped 70 basis points from 12% to 11.3% in 2014, the largest drop in office vacancy since the end of the Great Recession. The only sector that didn’t see much movement was medical office properties, where vacancies remain steady historically at 9.6%. The newer properties saw the highest demand by tenants for buildings 2008 and newer where the vacancy rate stood at approximately 10% in the fourth quarter of 2014, down from a high of 45% in 2008.