Office Reports

Both lease rates and office vacancy saw modest Y-o-Y increases in March 2021, but investors did not shy away from spending record amounts in top office markets.

In February 2021, U.S. office vacancies increased 40 bps M-o-M & 160 bps Y-o-Y – standing at 15%. U.S. office-using employment fell 3.4%.

By January 2021, U.S. office-using employment fell 3.3%. Office vacancies increased 40 basis points to 14.6% and 80 basis points Y-o-Y.

By December 2020, U.S. office vacancies increased 40 basis points to 14.2% and office-using employment fell 3.4%.