Vacancy rates across the office real estate sector in the U.S. increased in the first quarter of 2025. This was in line with a general trend of rising vacancies that started in 2020 during the COVID-19 pandemic. In the *** quarter of 2025, about **** percent of office space across the country was vacant. In some major U.S. markets, vacancies exceeded ** percent. With a considerable part of the workforce working from home or following a hybrid working model, businesses are cautious when it comes to upscaling or renewing leases. Workplaces may never be the same again The COVID-19 pandemic has changed the way that companies operate, with working from home has becoming the new normal for many U.S. employees. The function of the office has evolved from the primary workplace to a space where employees collaborate, exchange ideas, and socialize. That has shifted occupiers’ attention toward spaces with modern designs that can accommodate the office of the future. Many businesses used the pandemic time to revisit their office guidelines, remodel or do a full or partial fit-out. With so much focus on quality, older buildings with poorer design or energy performance are likely to suffer lower demand, resulting in a two-speed market. What do higher vacancy rates mean for investors? Simply put, if landlords do not have tenants, their income stream is disrupted, and they cannot service their debts. April 2023 data shows that several U.S. metros had a significantly high share of distressed office real estate debt. In Charlotte-Gastonia-Concord, NC-SC, more than one-third of the commercial mortgage-backed securities for offices were delinquent, in special servicing, or a combination of both. As of March 2025. offices had the highest delinquency rate in the commercial property sector.
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Romania - Job vacancy rate: Public administration, defence, education, human health and social work activities was 0.70% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Job vacancy rate: Public administration, defence, education, human health and social work activities - last updated from the EUROSTAT on June of 2025. Historically, Romania - Job vacancy rate: Public administration, defence, education, human health and social work activities reached a record high of 1.50% in September of 2021 and a record low of 0.60% in December of 2023.
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Germany DE: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 3.600 % in Dec 2024. This records an increase from the previous number of 3.100 % for Sep 2024. Germany DE: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 2.700 % from Dec 2010 (Median) to Dec 2024, with 57 observations. The data reached an all-time high of 4.700 % in Mar 2023 and a record low of 1.400 % in Mar 2013. Germany DE: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Germany – Table DE.Eurostat: Job Vacancy Rate.
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Job Vacancy Rate in Germany decreased to 2.70 percent in the first quarter of 2025 from 3.20 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Germany Job Vacancy Rate.
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Romania RO: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 0.900 % in Dec 2024. This stayed constant from the previous number of 0.900 % for Sep 2024. Romania RO: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 1.600 % from Jun 2008 (Median) to Dec 2024, with 67 observations. The data reached an all-time high of 6.300 % in Dec 2008 and a record low of 0.600 % in Dec 2023. Romania RO: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Romania – Table RO.Eurostat: Job Vacancy Rate.
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Graph and download economic data for Job Openings: Total Nonfarm (JTSJOL) from Dec 2000 to May 2025 about job openings, vacancy, nonfarm, and USA.
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Latvia LV: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 2.600 % in Sep 2024. This records an increase from the previous number of 2.500 % for Jun 2024. Latvia LV: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 2.100 % from Mar 2008 (Median) to Sep 2024, with 67 observations. The data reached an all-time high of 3.300 % in Mar 2019 and a record low of 0.500 % in Mar 2010. Latvia LV: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Latvia – Table LV.Eurostat: Job Vacancy Rate.
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Sweden SE: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 1.100 % in Sep 2024. This records a decrease from the previous number of 1.300 % for Jun 2024. Sweden SE: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 1.500 % from Mar 2009 (Median) to Sep 2024, with 63 observations. The data reached an all-time high of 4.400 % in Mar 2023 and a record low of 0.400 % in Dec 2009. Sweden SE: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Sweden – Table SE.Eurostat: Job Vacancy Rate.
Number of job vacancies and payroll employees, job vacancy rate, and average offered hourly wage by two-digit North American Industry Classification System (NAICS) code, last 5 quarters.
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Job Vacancy Rate in Netherlands increased to 4.20 percent in the first quarter of 2025 from 4.10 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Netherlands Job Vacancy Rate.
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Netherlands NL: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 4.200 % in Dec 2024. This stayed constant from the previous number of 4.200 % for Sep 2024. Netherlands NL: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 1.900 % from Mar 2001 (Median) to Dec 2024, with 96 observations. The data reached an all-time high of 4.400 % in Jun 2024 and a record low of 0.800 % in Dec 2013. Netherlands NL: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Netherlands – Table NL.Eurostat: Job Vacancy Rate.
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Job Vacancy Rate in Greece increased to 2.20 percent in the first quarter of 2025 from 1.20 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Greece Job Vacancy Rate.
Number of job vacancies and payroll employees, job vacancy rate, and average offered hourly wage by province and territory, last 5 quarters.
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Estonia EE: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 2.000 % in Sep 2024. This records a decrease from the previous number of 2.300 % for Jun 2024. Estonia EE: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 1.400 % from Mar 2008 (Median) to Sep 2024, with 67 observations. The data reached an all-time high of 2.900 % in Mar 2024 and a record low of 0.600 % in Dec 2009. Estonia EE: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Estonia – Table EE.Eurostat: Job Vacancy Rate.
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Slovenia Job Vacancy Rate: End of Month: NACE 2008: Health & Social Work data was reported at 1.900 % in Sep 2024. This stayed constant from the previous number of 1.900 % for Jun 2024. Slovenia Job Vacancy Rate: End of Month: NACE 2008: Health & Social Work data is updated quarterly, averaging 0.700 % from Mar 2008 (Median) to Sep 2024, with 67 observations. The data reached an all-time high of 1.900 % in Sep 2024 and a record low of 0.300 % in Dec 2012. Slovenia Job Vacancy Rate: End of Month: NACE 2008: Health & Social Work data remains active status in CEIC and is reported by Statistical Office of the Republic of Slovenia. The data is categorized under Global Database’s Slovenia – Table SI.G022: Job Vacancy Rate.
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Finland FI: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 1.000 % in Sep 2024. This records a decrease from the previous number of 1.500 % for Jun 2024. Finland FI: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 1.800 % from Mar 2009 (Median) to Sep 2024, with 63 observations. The data reached an all-time high of 4.100 % in Mar 2023 and a record low of 0.600 % in Dec 2015. Finland FI: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Finland – Table FI.Eurostat: Job Vacancy Rate.
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Euro Area - Job vacancy rate: Public administration, defence, education, human health and social work activities was 1.80% in June of 2018, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Job vacancy rate: Public administration, defence, education, human health and social work activities - last updated from the EUROSTAT on July of 2025. Historically, Euro Area - Job vacancy rate: Public administration, defence, education, human health and social work activities reached a record high of 1.80% in June of 2018 and a record low of 1.80% in June of 2018.
The unemployment rate of the United Kingdom was 4.6 percent in April 2025, an increase from the previous month. Before the arrival of the COVID-19 pandemic, the UK had relatively low levels of unemployment, comparable with the mid-1970s. Between January 2000 and the most recent month, unemployment was highest in November 2011 when the unemployment rate hit 8.5 percent.
Will unemployment continue to rise in 2025?
Although low by historic standards, there has been a noticeable uptick in the UK's unemployment rate, with other labor market indicators also pointing to further loosening. In December 2024, the number of job vacancies in the UK, fell to its lowest level since May 2021, while payrolled employment declined by 47,000 compared with November. Whether this is a continuation of a broader cooling of the labor market since 2022, or a reaction to more recent economic developments, such as upcoming tax rises for employers, remains to be seen. Forecasts made in late 2024 suggest that the unemployment rate will remain relatively stable in 2025, averaging out at 4.1 percent, and falling again to four percent in 2026.
Demographics of the unemployed
As of the third quarter of 2024, the unemployment rate for men was slightly higher than that of women, at 4.4 percent, compared to 4.1 percent. During the financial crisis at the end of the 2000s, the unemployment rate for women peaked at a quarterly rate of 7.7 percent, whereas for men, the rate was 9.1 percent. Unemployment is also heavily associated with age, and young people in general are far more vulnerable to unemployment than older age groups. In late 2011, for example, the unemployment rate for those aged between 16 and 24 reached 22.3 percent, compared with 8.2 percent for people aged 25 to 34, while older age groups had even lower peaks during this time.
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Poland PL: Job Vacancy Rate: Human Health and Social Work Activities data was reported at 0.800 % in Sep 2024. This stayed constant from the previous number of 0.800 % for Jun 2024. Poland PL: Job Vacancy Rate: Human Health and Social Work Activities data is updated quarterly, averaging 0.500 % from Mar 2009 (Median) to Sep 2024, with 63 observations. The data reached an all-time high of 0.900 % in Mar 2023 and a record low of 0.200 % in Dec 2014. Poland PL: Job Vacancy Rate: Human Health and Social Work Activities data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Poland – Table PL.Eurostat: Job Vacancy Rate.
In April 2025, the employment rate in the United Kingdom was 75.1 percent, up from 75 percent in the previous month. After almost dropping below 70 percent in 2011, the employment rate in the United Kingdom started to climb at a relatively fast pace, peaking in early 2020. Due to the onset of the COVID-19 pandemic, however, the employment declined to 74.6 percent by January 2021. Although not quite at pre-pandemic levels, the employment rate has since recovered. Labor market trouble in 2025? Although unemployment in the UK spiked at 5.3 percent in the aftermath of the COVID-19 pandemic, it fell throughout most of 2022, to just 3.6 percent in August 2022. Around that time, the number of job vacancies in the UK was also at quite high levels, reaching a peak of 1.3 million by May 2022. The strong labor market put employees in quite a strong position, perhaps encouraging the high number of resignations that took place around that time. Since 2023, however, the previously hot labor market has cooled, with unemployment reaching 4.6 percent in April 2025, and job vacancies falling to a four-year-low of 736,000 in May 2025. Furthermore, the number of employees on UK payrolls has fallen by 227,500 in the first five months of the year, indicating that 2025 will be a tough one for the labor market. Headline economic measures revised in early 2025 Along with the unemployment rate, the UK's inflation rate is also expected to be higher than initially thought in 2025, reaching a rate of 3.2 percent for the year. The economy will also grow at a slower pace of one percent, rather than the initial prediction of two percent. Though these negative trends are not expected to continue in the long term, the current government has already expended significant political capital on unpopular decisions, such as the cutting of Winter Fuel Payments to pensioners in 2024. As of June 2025, they are almost as unpopular as the previous government, with a net approval rating of -52 percent.
Vacancy rates across the office real estate sector in the U.S. increased in the first quarter of 2025. This was in line with a general trend of rising vacancies that started in 2020 during the COVID-19 pandemic. In the *** quarter of 2025, about **** percent of office space across the country was vacant. In some major U.S. markets, vacancies exceeded ** percent. With a considerable part of the workforce working from home or following a hybrid working model, businesses are cautious when it comes to upscaling or renewing leases. Workplaces may never be the same again The COVID-19 pandemic has changed the way that companies operate, with working from home has becoming the new normal for many U.S. employees. The function of the office has evolved from the primary workplace to a space where employees collaborate, exchange ideas, and socialize. That has shifted occupiers’ attention toward spaces with modern designs that can accommodate the office of the future. Many businesses used the pandemic time to revisit their office guidelines, remodel or do a full or partial fit-out. With so much focus on quality, older buildings with poorer design or energy performance are likely to suffer lower demand, resulting in a two-speed market. What do higher vacancy rates mean for investors? Simply put, if landlords do not have tenants, their income stream is disrupted, and they cannot service their debts. April 2023 data shows that several U.S. metros had a significantly high share of distressed office real estate debt. In Charlotte-Gastonia-Concord, NC-SC, more than one-third of the commercial mortgage-backed securities for offices were delinquent, in special servicing, or a combination of both. As of March 2025. offices had the highest delinquency rate in the commercial property sector.