The office vacancy rate in the US has moved up to 20.7%, the highest level in history.

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The U.S. office market has hit a critical point, with vacancy rates soaring to historic highs and creating major challenges for property owners and lenders, according to Reuters.

Remote work and hesitant returns to the office continue to drive this, severely impacting commercial real estate in key cities. Moody’s Analytics reports that national office vacancies climbed to 20.7% in Q2, marking a structural change rather than a temporary dip in demand.

Major urban centers are feeling the strain unevenly. San Francisco’s office vacancy rate has surged to 27.7%, a stark jump from 8.6% before the pandemic. Downtown New York and Charlotte also report alarmingly high vacancy rates near 23%, surpassing the national average.

https://allwork.space/2025/08/u-s-office-vacancies-hit-record-20-7-amid-remote-work-surge/

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