{"id":9546,"date":"2025-10-20T12:48:00","date_gmt":"2025-10-20T12:48:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9546"},"modified":"2025-11-07T12:54:17","modified_gmt":"2025-11-07T12:54:17","slug":"us-office-market-outlook-september-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/us-office-market-outlook-september-2025\/","title":{"rendered":"U.S. Office Market Outlook \u2013 September 2025"},"content":{"rendered":"\n

As of August, the national office vacancy rate remained high, as key office markets are suffering lasting changes, 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>.<\/p>\n\n\n\n

Report Highlights: <\/h2>\n\n\n\n
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  • The national office vacancy rate stood at 18.7 percent as of August\u2014down 80 basis points over the past 12 months. <\/li>\n<\/ul>\n\n\n\n
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    • The national full-service equivalent listing rate clocked in at $32.63 per square foot as of August, marking a 0.4 percent year-over-year decrease. <\/li>\n<\/ul>\n\n\n\n
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      • The sector\u2019s under-construction pipeline comprised 40.2 million square feet \u2014unchanged from the previous month.\u202f <\/li>\n<\/ul>\n\n\n\n
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        • Office transaction volume reached $33 billion as of August, with assets selling at an average of $190 per square foot. <\/li>\n<\/ul>\n\n\n\n

          Hybrid work impacts vacancies <\/h2>\n\n\n\n

          As of August, the national office vacancy rate stood at 18.7 percent\u2014down 80 basis points over the past 12 months. Five years after the start of COVID it is more clear that office utilization is unlikely to return to pre-pandemic levels, as hybrid work policies are here to stay. As a result, the office landscape now faces a series of lasting changes, such as elevated vacancies across multiple key metros. <\/p>\n\n\n\n

          One example is Seattle, that had a 27.2 percent vacancy rate as of August. With a once-booming pipeline driven by the office-using sectors\u2019 rapid expansion, the city\u2019s employment in the tech and information sectors continues to fall since 2022. Coupled with remote work policies, Seattle\u2019s traditional office sector will keep changing. For context, other markets with high vacancies include San Diego (22.6 percent), Dallas (22.4 percent) and Austin (26.5 percent), while at the other spectrum is Miami, with 14.3 percent. <\/p>\n\n\n\n