{"id":9147,"date":"2025-06-26T13:33:00","date_gmt":"2025-06-26T13:33:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9147"},"modified":"2025-08-01T10:34:42","modified_gmt":"2025-08-01T10:34:42","slug":"us-office-market-outlook-june-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-office-market-outlook-june-2025\/","title":{"rendered":"U.S. Office Market Outlook \u2013 June 2025\u00a0"},"content":{"rendered":"\n

The national office vacancy rate stood at 19.4 percent in May, reflecting persistent challenges in the sector, 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 clocked in at 19.4 percent at the end of May, a 30-basis point decrease from the previous month.<\/li>\n\n\n\n
  • National full-service equivalent listing rates averaged $33.15 per square foot, a 19-cent decrease from the month prior but up 4.8 percent year-over-year.<\/li>\n\n\n\n
  • The office construction pipeline continued to shrink, featuring 41.5 million square feet under development as of May.<\/li>\n\n\n\n
  • Transaction activity totaled $19.6 billion year-to-date in May.<\/li>\n\n\n\n
  • On average, office assets traded at $194 per square foot.<\/li>\n<\/ul>\n\n\n\n

    Seven metros top 23 percent vacancy rate<\/strong><\/h2>\n\n\n\n

    The national office vacancy rate reached 19.4 percent at May\u2019s close\u201430 basis points lower than in April, but 160 basis points higher than during the same time last year. Vacancy rates are likely to remain elevated due to stagnant office utilization and sluggish growth in office-related jobs.<\/p>\n\n\n\n