Think there is a tenant's market right now? Stay tuned. As the nation begins to climb out of the depths of the COVID-19 crisis, landlords will "battle" over office tenants, according to a new report from Vestian, creating a tenant's market unlike any other over the past few decades.

The office marketplace will be "littered" with millions of square feet of available space, providing opportunities tenants haven't seen in more than 30 years, the report says.

Class A office will have the toughest time, as Vestian predicts availability will rise to the 15 to 20% range in top markets and additional vacancies cropping up as leases expire and tenants pare down their real estate footprints. In top metro areas, availability may hit 20 to 25%, creating "huge ripples" across office markets and CBDs.

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