Login

Building losses from demolitions, conversions reduce office inventory growth to zero

Pace of removing obsolete office space has quickened, and much more is likely ahead
The planned conversion of the Burnham Center into a hotel will remove nearly 600,000 square feet of Chicago office space. (CoStar)
The planned conversion of the Burnham Center into a hotel will remove nearly 600,000 square feet of Chicago office space. (CoStar)
CoStar Analytics
March 23, 2026 | 12:41 AM

For the first half of the decade, major disruptions and the subsequent reset in demand dominated the office narrative. Now that office attendance and employment are relatively stable, the story is shifting to supply.

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