New York, New Yorkozgurdonmaz/Getty ImagesOffice vacancies climbed more than 5% in six of the top 25 US markets this year, according to CommercialEdge.Sale prices, meanwhile, dropped again, down 9% from the average price in 2023.Remote and hybrid work continues to weigh on the office sector.The US office market slumped again this year, entering a new phase of downturn that could last for years to come, a report said this week.The report from data industry provider CommercialEdge shows office vacancies jumped more than 5% in six of the top 25 US markets this year.Sale prices for offices, meanwhile, fell again.

BING NEWS:
  • Office vacancies surged and sale prices dropped further this year as the market entered its 'slog' phase
    The latest data shows the office market continues to face pressure from remote and hybrid work arrangements, with rising vacancy rates and lower sale prices.
    12/22/2024 - 12:30 am | View Link
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