The office real estate leasing market in the United States was severely affected by the coronavirus pandemic. Before the pandemic, the average vacancy rate of downtown offices was **** percent and in 2023, it increased to **** percent. Suburban offices were less affected, with the vacancy rate rising from **** percent to **** percent.
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ÌÇÐÄÆƽâ°æ. (January 31, 2024). Vacancy rate of downtown and suburban office real estate in the United States from 2016 to 2023 (in million square feet) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/1349938/office-vacancy-rate-usa/
ÌÇÐÄÆƽâ°æ. "Vacancy rate of downtown and suburban office real estate in the United States from 2016 to 2023 (in million square feet)." Chart. January 31, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/1349938/office-vacancy-rate-usa/
ÌÇÐÄÆƽâ°æ. (2024). Vacancy rate of downtown and suburban office real estate in the United States from 2016 to 2023 (in million square feet). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/1349938/office-vacancy-rate-usa/
ÌÇÐÄÆƽâ°æ. "Vacancy Rate of Downtown and Suburban Office Real Estate in The United States from 2016 to 2023 (in Million Square Feet)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 Jan 2024, /statistics/1349938/office-vacancy-rate-usa/
ÌÇÐÄÆƽâ°æ, Vacancy rate of downtown and suburban office real estate in the United States from 2016 to 2023 (in million square feet) ÌÇÐÄÆƽâ°æ, /statistics/1349938/office-vacancy-rate-usa/ (last visited July 22, 2026)
Vacancy rate of downtown and suburban office real estate in the United States from 2016 to 2023 (in million square feet) [Graph], ÌÇÐÄÆƽâ°æ, January 31, 2024. [Online]. Available: /statistics/1349938/office-vacancy-rate-usa/
