US Office Sector Shows Recovery Signs as Vacancy Rates Drop for First Time Since 2019
The U.S. office market is showing signs of recovery as vacancy rates decline for the first time since early 2019. According to JLL’s latest analysis, leasing activity has reached 82% of pre-pandemic levels with significant growth in large-scale transactions.
Office Market Reversal After Years of Challenges
The U.S. office market appears to be entering a growth cycle after several years of struggling with high vacancy rates, according to reports from JLL‘s third-quarter office market dynamics analysis. Sources indicate this marks a significant turning point for commercial real estate, which has faced substantial headwinds since the pandemic began.