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How office rents are climbing again

Despite stubbornly high vacancy, monthly costs for competitive space rises
Market-leading office properties like Bond in Phoenix's red-hot Camelback Corridor are seeing rents climb to unprecedented heights. (CoStar)
Market-leading office properties like Bond in Phoenix's red-hot Camelback Corridor are seeing rents climb to unprecedented heights. (CoStar)
CoStar Analytics
June 22, 2026 | 2:24 AM

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Office asking rents have risen little since early 2020, while real, effective rents have fallen considerably. But going forward, a lack of new supply is giving support to ever stronger rent growth at competitive properties.

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