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Office Vacancy Peak Could be a Year Away After Slight Decline

A Moody’s CRE economist explains how CBD office trends impact regional performance.

By Kristen Smithberg | December 05, 2024 at 10:01 AM

The national office vacancy rate dipped 10 basis points during the third quarter to 20%. This slight decrease is a positive development amid a sector working through distress, according to an analysis by Moody’s CRE economist Nick Villa.

Moody’s CRE expects vacancy to peak late next year or early 2026 and said the path ahead will be non-linear for the office sector, with the slight compression in Q3 likely attributable to net absorption turning positive after seven quarters of declines.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

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