Where Data Tells the Story
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Office space vacancy is at its highest since 1979, and analysts predict that nearly one-quarter of U.S. offices will be vacant by early 2026. For this project, we partnered with Switch On Business to calculate that value of empty offices across America.
Key findings:
To produce this project, we analyzed data from Cushman & Wakefield MarkBeat U.S. National Quarterly Q1 2024 Reports and calculated the total square footage of empty office space and the associated lost value in each market, according to the asking rates (annual price in USD per square foot).