An NAR analysis of CoStar data shows nearly two thirds of the top 200 metro areas by population have seen office vacancy rates increase since 2019. But smaller markets continue to outperform the country. The best-performing markets in 2022 were Tuscaloosa, Ala., Laredo, Texas, and Huntington, W. Va., all with office vacancy rates below 2%.

Office Vacancies

Percentage point increase in U.S. office vacancies since 2019 due to the effects of the pandemic, remote and hybrid work, layoffs, and higher interest rates.


Economists' Outlook

See what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

About Create

Create is a quarterly publication for commercial practitioners, members of the National Association of REALTORS® and commercial real estate industry leaders. Members can subscribe by updating your member profile information to include commercial interests in the "Field of Business" list.

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