【CBRE】Continued Prime Space Recovery Augurs Well for the Rest of the Office Market

U.S. office vacancy remains elevated at around 19% nationally. However, prime office vacancy, currently at 12.7%, has been falling rapidly with the 80 basis point (bp) decline in each of the past two quarters, the largest since 2018. The 640-bp spread between prime and non-prime is now the largest on record.

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