The Downtown Office Market Has A Historically High Vacancy Rate

High Vacancy Means It's A Tenant's Market, So Why Are Rents Staying The Same?

It isn't easy being a tenant representative these days. The downtown office market has a historically high vacancy rate, and with so many workers still plugging away on their computers at home, the Central Business District remains underpopulated on workdays. That has led many tenants on the hunt for new office space to expect lease deals more affordable than pre-pandemic days, when the market was tight and demand kept escalating.

Read More