01/26/2026
Gradually, vacancy rates are beginning to recede in most U.S. office space markets. Our latest analysis shows that the national vacancy rate has dropped by 150 basis points since peaking in March last year.
Vacancies in several markets peaked in late 2023 or early 2024, with some seeing vacancy rate decreases as significant as 300+ basis points since. Find out more in our complete January office report:
Insights on office investment, leasing, vacancy, and construction across the largest office markets in the U.S. in December 2025.