{"id":8717,"date":"2025-03-27T06:56:36","date_gmt":"2025-03-27T06:56:36","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8717"},"modified":"2025-04-28T07:22:34","modified_gmt":"2025-04-28T07:22:34","slug":"us-office-market-outlook-march-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-office-market-outlook-march-2025\/","title":{"rendered":"U.S. Office Market Outlook \u2013 March 2025"},"content":{"rendered":"\n

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

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National full-service equivalent listing rates averaged $33.41 per square foot in February, edging up 5.7 percent compared to the same time last year, 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 19.7 percent at the end of February, unchanged from the previous month.<\/li>\n\n\n\n
  • National full-service equivalent listing rates averaged $33.41 per square foot, rising by 3 cents from the previous month and 5.7 percent year-over-year.<\/li>\n\n\n\n
  • The office construction pipeline contracted again, featuring 48.6 million square feet under development as of February.<\/li>\n\n\n\n
  • Office investment totaled $7 billion during the first two months of 2025, with office properties trading at an average of $177 per square foot.<\/li>\n<\/ul>\n\n\n\n

    Office vacancies hold steady<\/h2>\n\n\n\n

    In February, the national office vacancy rate reached 19.7 percent, marking a 180-basis-point increase from the previous year and holding steady compared to January. The ongoing shift toward remote and hybrid work continues to push vacancies higher. San Francisco (27.8 percent), Austin (27.4 percent), the Bay Area (26.2 percent), Denver (25.0 percent) and Detroit (24.6 percent) recorded the highest vacancy rates.<\/p>\n\n\n\n