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No support from job growth for Chicago and NYC offices

Office-based jobs are on course to underperform total jobs this year for the first time since 2009 and there is a growing risk this could be repeated in 2024, though that is not yet our central forecast. At the metro level, we expect differentials to remain wide over the next couple of years with Southern cities dominating the winners and some of the major markets seeing a net loss of office jobs.

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