{"id":8976,"date":"2025-05-26T08:39:00","date_gmt":"2025-05-26T08:39:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8976"},"modified":"2025-06-26T08:51:25","modified_gmt":"2025-06-26T08:51:25","slug":"us-office-market-outlook-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-office-market-outlook-may-2025\/","title":{"rendered":"U.S. Office Market Outlook \u2013 May 2025"},"content":{"rendered":"\n

Office vacancy ticked down slightly in April while construction and investment activity remained subdued, according to the latest Yardi Matrix U.S. office market outlook.<\/em><\/p>\n\n\n\n

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

Report Highlights<\/h2>\n\n\n\n
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  • The national office vacancy rate stood at 19.7 percent at the end of April, a 20-basis point decrease from the month prior.<\/li>\n\n\n\n
  • National full-service equivalent listing rates averaged $33.34 per square foot, decreasing by eight cents from the previous month but up 5.4 percent year-over-year.<\/li>\n\n\n\n
  • The office construction pipeline continued to shrink, featuring 44.6 million square feet under development as of April.<\/li>\n\n\n\n
  • Office investment totaled $14.2 billion year-to-date in April, with office properties trading at an average of $191 per square foot.<\/li>\n<\/ul>\n\n\n\n

    Office vacancy dips, rates rise<\/h2>\n\n\n\n

    As of the end of April, the national office vacancy rate reached 19.7 percent\u2014marking a 20 basis-point drop from March but a 140 basis-point increase compared to the same time last year. The cities with the highest vacancy levels included San Francisco (29.0 percent), Austin (28.9 percent), Seattle (27 percent), the Bay Area (25.6 percent), Denver (24.7 percent), Detroit (24.4 percent) and Dallas (23.9 percent).<\/p>\n\n\n\n