The U.S. office vacancy rate rose marginally to 16.8% in the fourth quarter from...
- The U.S. office vacancy rate rose marginally to 16.8% in the fourth quarter from a year earlier, according to real estate research firm Reis Inc.
New construction of office spaces fell to 12.5 million square feet from 14.7 million square feet a year earlier. WeWork’s woes and escalating geopolitical tensions following the U.S. strike in the Middle East could hurt the office market, Reis said.
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