Office vacancy rate nears 20% to set fresh record, Moody’s says Hindustan Times
US office vacancies hit a fresh peak in the first quarter as needs continue to evolve with hybrid work setups. Vacancies rose to a record 19.8%, Moody’s Analytics said in a preliminary report Monday, from 19.6% in the fourth quarter of 2023. Despite the increase, the firm said that the early data points to a stable quarter for commercial real estate.
