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Moody's Analytics Predicts US Office Vacancy Rate Hitting Historic Highs in 2021

A new report from Moody's Analytics shows retail property growth will fare worse than office properties, while industrial and multifamily properties are expected to fare better.

As COVID-19 continues to wreak havoc on all aspects of American life, that new reality is also playing out in the world of the office property sector.

According to an Aug. 17 report from Moody’s Analytics, the office property sector had already been experiencing “downward pressure on the usage intensity of office space even before the COVID-19 crisis.” But, the report says, a country-wide shift towards individuals working remote because of the pandemic is expected to hit the office property sector “particularly hard in the coming years.”

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Robert Storace

Robert Storace

Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.

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