U.S. Office Market Q1 2025: Leasing Surges, But Vacancy Still Looms
The U.S. office market showed promising signs of recovery during Q1, with increased leasing activity and renewed investor interest signaling a potential turnaround.
The U.S. office market showed promising signs of recovery during Q1, with increased leasing activity and renewed investor interest signaling a potential turnaround.
The landscape of private wealth is shifting, and CRE is increasingly becoming a focal point for family offices. According to The Wealth Report 2025 by Knight Frank, 44% of global family offices plan to expand their exposure to commercial real estate over the next 18 months.
A massive push in recent months to encourage—or force—workers back into the office stirred optimism within the commercial real estate industry about the office sector’s recovery.
The adaptive reuse movement is flipping the script on traditional CRE development instead transforming existing structures in innovative ways.
As we progress through early 2025, the U.S. office market is showing signs of recovery after years of uncertainty.
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Leasing, particularly in the office and industrial sectors, has experienced significant shifts in the last two years. These shifts have largely been driven by economic uncertainty, record-high rents, and macro changes in the way people shop and work.
On this epidsode, Dan Spiegel, managing director at CBC is joined by Neil Resnick. The tenant representation business has evolved extensively, and today, particularly in large markets, tenant representation advocates are the norm, particularly in the office market.