US EditionOffice Conversions and Demolitions will Exceed New Construction in 2025 - Mile High CRE
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Office Conversions and Demolitions will Exceed New Construction in 2025 - Mile High CRE
More office space will be removed from the U.S. market this year than added to it for the first time since at least 2018 and likely longer, providing another indicator of the market’s stabilization and nascent recovery, according to a new report from CBRE. CBRE’s analysis of office-market activity across the largest 58 U.S. markets found that, by the end of this year, 23.3 million sq. ft. of space is slated for demolition or conversion to other …
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