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More Office Space Being Removed Than Added For First Time in At Least 25 Years


More office space in the U.S. is being removed than added for the first time in at least 25 years. New data from CBRE Group shows that across the 58 largest US markets, 23.3 million square feet of office space is slated for demolition or conversion by year-end, while developers will complete just 12...

More office space in the U.S. is being removed than added for the first time in at least 25 years. New data from CBRE Group shows that across the 58 largest US markets, 23.3 million square feet of office space is slated for demolition or conversion by year-end, while developers will complete just 12.7 million square feet of new construction.

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