United States Office Market Overview

The United States office market continued to soften through the second quarter of 2023. Leasing activity slowed, nearing 2020 levels, as occupiers wrestle with a still uncertain economic outlook even as they right-size their portfolios for hybrid work. Liquidity in the capital markets remains challenged in the face of a rising cost of capital and record debt maturities.

Shutterstock 1147700186 1