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Volatile economic outlook overshadows office forecast

Recovery from shift in structural demand is underway, but uncertainty looms
JMB Realty Corp.'s 37-story Century City Center in downtown Los Angeles is one of the few new office towers under construction in the U.S. The 730,000-square-foot office tower and mixed-use development designed by Johnson Fain is set to reach completion next year coinciding with when the office market is forecast to resume its recovery. (CoStar)
JMB Realty Corp.'s 37-story Century City Center in downtown Los Angeles is one of the few new office towers under construction in the U.S. The 730,000-square-foot office tower and mixed-use development designed by Johnson Fain is set to reach completion next year coinciding with when the office market is forecast to resume its recovery. (CoStar)
CoStar Analytics
May 13, 2025 | 8:46 P.M.

A strong first quarter of occupancy gains and leasing activity has placed the office market on the road to recovery, but uncertainty surrounding trade and fiscal policy threatens to delay it in the next few months.

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