Office

The wave of distress anticipated since the peak of the pandemic has begun to materialize at the beginning of 2025.

Coworking spaces across the nation continue to grow in numbers and popularity, bringing more options to the office sector amid ongoing shifts.

The office sector continues to see valuations on a downward trend, as the market navigates the rise of the remote and hybrid work models.

The office sector is likely to face another challenging year in 2025, with office occupancy rates expected to show no improvement.

The strain in the office sector started in the pandemic persists with less development activity, more discounted sales and surging vacancies.

As shifting work trends drive demand for flexible office spaces, the coworking sector emerges as a bright spot in the office landscape.

Despite back-to-office policies from high-profile companies, office utilization remained unchanged and vacancy rates continued to rise.

With 26.4 million square feet underway and reduced demand, the life science sector is experiencing a supply glut, leading to increased vacancies in major hubs.

Over 1.2 billion sq. ft. of U.S. office space (14.8% of stock) are solid candidates for residential conversions, according to our tool.

Distress in the office market persists with over $260 billion in office loans maturing and a growing delinquency rate.