CommercialEdge’s report on how the national office market fared in March 2024 contains little good news for landlords, but it does describe shifting trends that are influencing some locational decisions as well as the risks posed by AI.

The national office vacancy rate rose to 18.2% — up 120 basis points over the prior year. The average national listing rate dropped 1.3% to $37.74, construction plummeted, and properties changed hands at a national average of just $171 per SF.


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Philippa Maister

GlobeSt

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