Vacancy rate of commercial real estate in the U.S. Q1 2020-Q1 2024, by property type

Published by Statista Research Department, Apr 17, 2024

The vacancy rate of office real estate in the United States was higher than any other property type in 2024. In the first quarter of the year, approximately 20 percent of office real estate was vacant, compared to 8.7 percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, about six percent. 

Vacancy rate of commercial real estate in the United States in 1st quarter 2020 and 1st quarter of 2024, by property type

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Release date

April 2024

Region

United States

Survey time period

Q1 2020 to Q1 2024

Supplementary notes

The statistic has been compiled using data from different publications by the same source.

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