Forecast of office vacancy rates in the U.S. 2019-2020

This statistic presents a forecast of office vacancy rates in the Unites States from the first quarter of 2019 to the third quarter of 2020. It was expected that the office vacancy rate would amount to 12.5 percent in the third 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 12.8 percent in the first quarter of 2019 to 12.5 percent in the third quarter of 2020. In other words, more offices are expected to be occupied during this time period.

Forecast of office vacancy rates in the United States from 1st quarter 2019 to 3rd quarter 2020

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Sources

Release date

March 2019

Region

United States

Survey time period

Q1 2019 to Q3 2020

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Statistics on "Office real estate in the United States"

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