Office Vacancy Rates Are Going Higher

Office Vacancy Rates Are Going Higher

Office vacancy rates have not recovered to pre-COVID levels and will likely go much higher as job losses mount and as companies work to reduce expenses.

  • San Francisco and New York City have seen vacancy rates spike over the Q1 2020 – Q3 2022 period (see first table below), while many major metro areas have double-digit percentage vacancy rates (see second table below).
  • To access our Excel spreadsheet which details vacancy rates for 139 metro areas, Click HERE.