Office space under construction in selected metro areas in the U.S. 2022
The supply of new office space varied greatly among selected metropolitan areas in the United States in the second quarter of 2022. New York City was the leading metropolitan area with the most office space under construction at over 22 million square feet. Austin ranked second, and the San Francisco Bay Area was third, both of them had over 11 million square feet under construction. During the same period, the absorption rates for office space in some metropolitan areas were negative.
