US Office Vacancy Rate Hits Highest in Over 3 Decades: Moody’s
By Naveen Athrappully Almost one-fifth of offices in the United States were vacant in the fourth quarter, with new office construction last year falling to its lowest level since 2012. “The national office vacancy rate rose 40 bps to a record-breaking 19.6 percent” in Q4, 2023, according to a Jan. 8 report by Moody’s Analytics. The 40 bps surge “represented the largest quarterly increase…
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