Forecast of office vacancy rates in the United States from 4th quarter 2018 to 2nd quarter 2020

Forecast of office vacancy rates in the U.S. 2018-2020 This statistic presents a forecast of office vacancy rates in the Unites States from the fourth quarter of 2018 to the second quarter of 2020. It was expected that the office vacancy rate would amount to 13.2 percent in the second quarter of 2020.
Office vacancy in the United States – additional information

Real estate refers to properties, such as buildings and houses, and lands, and can be divided into three major types – residential, commercial and industrial. Offices are usually associated with commercial real estate. The vacancy rate depends on factors such as location of the real estate, type and cost of it, its business environment, logistics and demographics. According to the above NAR forecasts, the office vacancy rate in the United States will decline from 13.7 percent in the fourth quarter of 2018 to 13.2 percent in the second quarter of 2020. In other words, more offices are expected to be occupied during this time period.

This slight decline on the vacancy rate is also projected in other sectors of the American real estate market. The multifamily vacancy rate and industrial vacancy rate in the U.S. are also expected to drop between 2017 and 2018. The retail vacancy rate, on the other hand, does not follow this pattern; this rate is forecasted to have a small increase during the same time period.
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Vacancy rate
Q2 202013.2%
Q1 202013.1%
Q4 201913.1%
Q3 201913.1%
Q2 201913.1%
Q1 201913.2%
Q4 201813.7%
Vacancy rate
Q2 202013.2%
Q1 202013.1%
Q4 201913.1%
Q3 201913.1%
Q2 201913.1%
Q1 201913.2%
Q4 201813.7%
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Description Source More information
This statistic presents a forecast of office vacancy rates in the Unites States from the fourth quarter of 2018 to the second quarter of 2020. It was expected that the office vacancy rate would amount to 13.2 percent in the second quarter of 2020.
Office vacancy in the United States – additional information

Real estate refers to properties, such as buildings and houses, and lands, and can be divided into three major types – residential, commercial and industrial. Offices are usually associated with commercial real estate. The vacancy rate depends on factors such as location of the real estate, type and cost of it, its business environment, logistics and demographics. According to the above NAR forecasts, the office vacancy rate in the United States will decline from 13.7 percent in the fourth quarter of 2018 to 13.2 percent in the second quarter of 2020. In other words, more offices are expected to be occupied during this time period.

This slight decline on the vacancy rate is also projected in other sectors of the American real estate market. The multifamily vacancy rate and industrial vacancy rate in the U.S. are also expected to drop between 2017 and 2018. The retail vacancy rate, on the other hand, does not follow this pattern; this rate is forecasted to have a small increase during the same time period.
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Release date
December 2018
Region
United States
Survey time period
Q4 2018 to Q2 2020

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