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Office Asking Rents Will Decrease 3% to 4% in 2024

Class A office effective rents have fallen 1.2% since 2022, CBRE said.

By Richard Berger | December 26, 2023 at 07:55 AM

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The struggle to maintain effective and asking rents for offices is real.

A new report that analyzed more than 3,400 lease comparables across 12 US office markets from 2019 to Q3 2023 from CBRE showed that effective rents in Class A+/A decreased by 1.2% since 2022 and those for Class B/C dropped by 3.9%.

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