In this article, you'll learn:
- About the high risk of obsolescence facing 30% of U.S. office buildings.
- Why vacancy rates alone don’t fully capture market dynamics post-pandemic.
- How occupancy and vacancy rates together reveal potential market trajectories.
- Strategies for businesses to adapt to changing real estate landscapes for success.
With 30% of U.S. office buildings, translated to a collective estimate of $1.1 trillion are at high risk of becoming obsolete, according to data from research analyst for Goldman Sachs, Randall Zisler, tenants aren’t taking any chances.
Professionals are being more careful than ever with their commercial real estate decisions… and this means assessing which of their locations are best positioned to survive and which states and regions have the highest likelihood of long-term success.
And when sourcing the national marketplace for data that may highlight any glaring warning signs, vacancy rate has been the traditional signifier thus far. However, when taking a deeper look into an area’s performance through its occupancy rate, a different story emerges.
Learn why an area’s vacancy rate is not the end-all-be-all for its long-term positioning in the leasing market.
