Office vacancy rates increased across most markets in North America between the fourth quarter of 2020 and the fourth quarter 2021. Vancouver, Canada, was the market with the lowest vacancy rate, with seven percent office space unoccupied. Among the select U.S. markets, Madison, WI, had the lowest vacancy rate at 8.5 percent in that quarter.
Vacancy rate in selected office markets in the North America in 4th quarter 2021
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CBRE Group. (July 13, 2022). Vacancy rate in selected office markets in the North America in 4th quarter 2021 [Graph]. In Statista. Retrieved December 13, 2024, from https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/
CBRE Group. "Vacancy rate in selected office markets in the North America in 4th quarter 2021." Chart. July 13, 2022. Statista. Accessed December 13, 2024. https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/
CBRE Group. (2022). Vacancy rate in selected office markets in the North America in 4th quarter 2021. Statista. Statista Inc.. Accessed: December 13, 2024. https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/
CBRE Group. "Vacancy Rate in Selected Office Markets in The North America in 4th Quarter 2021." Statista, Statista Inc., 13 Jul 2022, https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/
CBRE Group, Vacancy rate in selected office markets in the North America in 4th quarter 2021 Statista, https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/ (last visited December 13, 2024)
Vacancy rate in selected office markets in the North America in 4th quarter 2021 [Graph], CBRE Group, July 13, 2022. [Online]. Available: https://www.statista.com/statistics/1073896/vacancy-rate-office-markets-usa/