As we wrap up Q3 of 2021, the office market continues to see negative net absorption, rising vacancy rates, and lower asking rents compared to one year ago. This is due to the ongoing weak demand for office space in the primary or gateway markets, with about half of computer/tech workers still working from home nationally. However, secondary markets are experiencing an increase in office occupancy, given the relatively affordable residential and commercial prices. Learn more and discover the top 10 office markets of the year to date in NAR’s latest Commercial Market Insights Report.
NAR'S Commercial Digest, September 2021
Updated: Oct 18, 2021