Office Vacancy Rate Rises Above 20%

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!!!

 

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