Office Vacancy Rate Rises Above 20%
By Brad Beckett
Are you investing in the commercial space? Data recently analyzed by Statista says the increasing acceptance of hybrid or fully remote work in a variety of industries coupled with many companies applying cost-cutting measures after pandemic growth spurts has led to a jump in vacant office space in the U.S. In fact, data from Moody’s for Q2 2024 shows the share of empty offices has hit a historic high of 20.1%. Indeed…. Stay safe and have a Happy Friday!!!