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K-shaped office recovery divides buildings into winners and losers

Office market looks steady overall, but some buildings have more empty space than others
The office market's recovery has produced full occupancy in many desirable office buildings, such as those in Manhattan's Hudson Yards development. Many others, however, have been left behind. (CoStar)
The office market's recovery has produced full occupancy in many desirable office buildings, such as those in Manhattan's Hudson Yards development. Many others, however, have been left behind. (CoStar)
CoStar Analytics
May 22, 2026 | 8:37 P.M.

The commercial office rebound is now nearly a full year old, with leasing activity normalizing and occupancy rising despite stagnation in the knowledge labor market.

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