A conundrum for observers of the office market has been the relative resiliency of asking rents in the face of slackening demand that has sent the national vacancy rate up over 400 basis points in four years. Though there are explanations for this phenomenon, there are also signals that it may not last much longer.
What To Watch in 2024: Office Rents Finally Ready to Fall?
Fundamental and Financial Pressures Could Lead to a Belated Decline in Asking Rents
By Phil Mobley
CoStar AnalyticsJanuary 2, 2024 | 11:35 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In