US EditionReport: Wave of Office Distress Has Begun to Materialize
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Report: Wave of Office Distress Has Begun to Materialize
The wave of office distress anticipated since the peak of the pandemic has begun to materialize at the beginning of 2025, CommercialEdge reported. Following a period of post-pandemic growth, office utilization has been flat for the past two years and now averages just 54%, according to CommercialEdge, citing Kastle’s Back to Work Barometer. Meanwhile, U.S. office vacancy rose 170 basis points year-over-year to 19.9% at the end of March. “It has …
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