The national outlook for the U.S. office sector does not look bright, with the grim reality setting in that a nationwide vacancy rate of 20%—or worse—is likely to prevail for the foreseeable future.
According to Moody's, the 20.1% office vacancy rate notched in the U.S. in Q2 2024 is the overture of a swan dive that will see office availability continue rise through the end of 2026.
Here's the good news: in Miami, they still know how to turn the beat around.
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