The Office Vacancy Rate Is At A Record High pic.twitter.com/IKUwkKgwnb
— Win Smart, CFA (@WinfieldSmart) September 4, 2024
The office vacancy rate in the U.S. has reached a record high. As of the second quarter of 2024, the national office vacancy rate hit 20.1%, the highest since at least 19791. This increase is largely attributed to the ongoing shift towards remote and hybrid work, which has significantly reduced the demand for office space.
Sources:
https://www.axios.com/2024/07/09/office-vacancy-rate-record-high
https://moneywise.com/real-estate/american-office-vacancy-levels-hit-record-high
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