What’s Going On With Office Vacancies?
Allwork
AUGUST 1, 2023
As of the first quarter of 2023, the U.S. As of the first quarter of 2023, the U.S. Finally, office development pipelines have really been ground down by high materials costs, expensive debt, and fundamental weakness within the sector,” Nagel said. office market’s vacancy rate reached 17.8% — the highest in 30 years.
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