Category: demand

As office demand continues to shift, central business districts face ongoing headwinds, according to our latest office report.  CBD properties remain under pressure as leases roll and construction slows. CBD vacancy now stands at 19.2%, up 730 basis points since early 2020. To compensate for decreasing demand, CBD listing rates have dropped nearly 30% below pre-pandemic levels.   On a national level, the average vacancy rate climbed to 19.7% in April, up 140 basis points…