US Office Vacancies Reach Record High in Q1
By
Maria del Rosario Martinez
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
The first quarter saw US office vacancies reach a record high of 19.8%, reflecting the ongoing evolution of hybrid work setups. Moody’s Analytics revealed this figure in a preliminary report on Monday, representing a slight increase from 19.6% in the previous quarter of 2023. Despite this rise, early data indicates a stable quarter for commercial real estate.