Office Reports

Despite rising vacancy, average office lease rates across the top 50 markets in the U.S. continue to follow an ascending trend.

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%.