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Since the coronavirus pandemic, demand for office real estate has weakened. With the exception of offices built after 2015, the net absorption of offices in the United States between the beginning of the pandemic and the third quarter of 2022 was negative. This means that more space was vacated than newly occupied during this period.
Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters)
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JLL. (October 12, 2022). Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/
JLL. "Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters)." Chart. October 12, 2022. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/
JLL. (2022). Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/
JLL. "Net Absorption of Office Space since Covid-19 Onset in The United States as of 3rd Quarter 2022, by Built Year (in Million Square Meters)." Statista, Statista Inc., 12 Oct 2022, https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/
JLL, Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters) Statista, https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/ (last visited June 01, 2024)
Net absorption of office space since COVID-19 onset in the United States as of 3rd quarter 2022, by built year (in million square meters) [Graph], JLL, October 12, 2022. [Online]. Available: https://www.statista.com/statistics/1089731/net-office-space-absorption-since-covid-19-usa-by-built-year/