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Options for large office tenants dwindle as available premium space shrinks

Major markets offer fewer large-block spaces, especially in trophy buildings
Downtown San Jose's 200 Park Ave, completed in 2023, is one of the last remaining trophy office buildings that can accommodate a tenant in the market for at least 100,000 square feet. (CoStar)
Downtown San Jose's 200 Park Ave, completed in 2023, is one of the last remaining trophy office buildings that can accommodate a tenant in the market for at least 100,000 square feet. (CoStar)
CoStar Analytics
November 19, 2025 | 8:51 P.M.

The number of office buildings able to accommodate large tenants is rapidly shrinking. As a result, major occupiers have fewer choices than at any point since office vacancy started its long climb in 2020.

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