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What’s Going On With Office Vacancies?

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As of the first quarter of 2023, the U.S. As of the first quarter of 2023, the U.S. Educational and medical users such as the Savannah College of Art and Design and St. office market’s vacancy rate reached 17.8% — the highest in 30 years. office market’s vacancy rate reached 17.8% — the highest in 30 years.

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Tim Rowe – Founder and CEO of CIC | Flexible Workspaces: Competing Globally

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At the Time, Americans had offices, private offices, and the notion that you would sort of work at a desk without a cubicle wall or something right next to someone else was strange to people, and it really pushed them. We’re coming back in 2023, 2024, saying, yeah, 90% plus. That was anathema. They just took a private home.

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