The market for office and commercial space is currently navigating a period of unprecedented change, driven by remote work, ongoing economic uncertainties, and evolving business needs. The result is high vacancy rates and rental prices under pressure, a direct result of companies reevaluating their traditional office space requirements.
When commercial real estate market availability exceeds 15%, it typically signals significant distress and market weakness. Historically, availability rates above 20% have been considered highly detrimental to the asset class. Currently, two-thirds of major U.S. markets remain above this critical 20% threshold.
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