Kingsley Associates tracks national and market trends in office tenant perceptions each quarter. This quarter’s results show that tenant loyalty – as measured by the percentage of tenants who told us they “probably” or “definitely” would renew their lease – is at its highest point in the last 3 years (see the chart below).

This quarter’s results reveal some interesting differences across markets as well:

• Atlanta office tenants are the most optimistic about hiring additional people and needing more space.
• Nowhere in America are office tenants less interested in environmentally sustainable building practices than in Dallas.
• San Francisco exceeds the national average in tenant satisfaction, loyalty and economic outlook.
• In New York, tenant satisfaction and loyalty dipped during Q4.
• Tenants in Chicago are among the happiest, most loyal and most optimistic in the nation.
• Interest in environmentally sustainable building practices fell sharply in Denver throughout 2011.

The full press release is available on our Website here. To download the data itself (in PDF format), click here.

Tags: CRE, real estate industry trends, tenant survey