US companies are leasing more office space, a sign they expect to expand their work forces. Office vacancies are now at their lowest level in nearly three years. US office vancancy rate dropped to 15.4% in the 2nd quarter. 19.5 million square feet were absorbed (net change in occupies space) in the second quarter. The $1MM to $10MM office property investment market - single and multi-teanant properties - remained strong. Individual office investment markets varied but generally improved over the last quarter.