{"id":8451,"date":"2025-01-28T07:47:00","date_gmt":"2025-01-28T07:47:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8451"},"modified":"2025-03-03T08:22:06","modified_gmt":"2025-03-03T08:22:06","slug":"u-s-office-market-outlook-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/u-s-office-market-outlook-january-2025\/","title":{"rendered":"U.S. Office Market Outlook \u2013 January 2025"},"content":{"rendered":"\n

Read the latest Yardi Matrix Office Market Outlook<\/a><\/strong>.<\/p>\n\n\n\n

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The national office vacancy rate remains on an upward trajectory, reaching 19.8 percent at the end of 2024, according to the latest Yardi Matrix U.S. office market outlook.<\/em><\/p>\n\n\n\n

Report Highlights<\/h2>\n\n\n\n
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  • The national office vacancy rate reached 19.8 percent at the end of December 2024.<\/li>\n\n\n\n
  • This marked a 150-basis-point increase year-over-year and a 40-basis-point rise compared to the previous month.<\/li>\n\n\n\n
  • National full-service equivalent listing rates averaged $33.11 per square foot, marking a 26-cent increase from the prior month.<\/li>\n\n\n\n
  • The office construction pipeline continues to shrink further, featuring 54.7 million square feet under development as of December 2024.<\/li>\n<\/ul>\n\n\n\n

    Rising office vacancies highlight market disparities<\/h2>\n\n\n\n

    The national office vacancy rate climbed to 19.8 percent by the end of December 2024, reflecting a 150-basis-point increase compared to the same period in 2023 and a 40-basis-point rise from the previous month, according to Yardi Matrix. Although vacancy rates have increased across all markets, some regions have been hit significantly harder.<\/p>\n\n\n\n