U.S. office vacancy rates could reach a peak of 24% in 2026, as remote-work trends continue to challenge whether office space is a strict need for many companies, according to a Moody's report...
Remote work is currently reducing the need for office space by about 14%, Moody's found based on an analysis of survey and historical office data...
Between 2019 and 2021, the number of Americans primarily working from home tripled to 27.6 million people, from 9 million prior to the onset of the pandemic, according to the Census Bureau...
Prices in the U.S. office and commercial property market have plunged nearly 11% since March 2022, erasing gains from the preceding two years and deepening industry-wide woes...
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