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.

Vienna, Luxembourg, and Hamburg were the markets with the lowest vacancy rates in Europe in the fourth quarter of 2024. Vacancy rates are a measurement of unoccupied properties during a given period and are a good indication of an area’s desirability and opportunity for development. High vacancy rates can indicate an economic downturn, a lack of demand, or possibly that standards do not meet speculative renters’ needs. Low vacancy rates are, in general, considered a good thing as it means there is a good level of demand from customers, although low vacancy rates may also show a need for more development which is not being met. Since the beginning of the coronavirus (COVID-19) pandemic, vacancy rates in the office sector have been on the rise because of declining occupiers' demand.
The major European office markets? London, Paris, and Stockholm were the most expensive markets for office real estate in Europe in 2023. In London, prime office space, which refers to a property of the highest quality, optimal location, and standard dimensions that are in accordance with the local demand, was able to fetch a staggering price of 2,069 euros per square meter. When it comes to total stock, Berlin ranked among the largest markets in Europe. Where is office space most profitable? According to 2024 forecast the UK is expected to see the most return on investment by 2025 and 2026 than Europe. Industry experts forecast that investment will have better prospects than development, and that central city offices will perform better than suburban offices.

The vacancy rate of office properties in Ile-de-France was the lowest in the Paris Central Business District (CBD) in the first quarter of 2024. Approximately *** percent of office space in Paris CBD was vacant in this period, compared to ***** percent average in Ile-de-France and ** percent in Première Couronne Nord.

VAC08 - Percentage of Vacant Dwellings. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Percentage of Vacant Dwellings...

The office rental vacancy rate measures the percentage of available office units that are unoccupied in a particular year. Historical data is sourced from Cushman and Wakefield, a commercial real estate services firm.

In the third quarter of 2024, office vacancy rates in the UK were the lowest in Birmingham, at 6.3 percent. The vacancy rate is the percentage of available office rental units that are vacant or unoccupied during a given time. High vacancy rates in a city can mean that supply is outweighing demand, or that the quality of particular properties available not meeting the desired demands of the rental market. After the COVID-19 outbreak, demand for offices has declined, leading to increased vacancies across most markets.

A-class office properties had the highest vacancy rate in Moscow at *** percent as of September 29, 2024. Next were offices of class B+, with approximately **** percent of unoccupied offices.

The vacancy rate for office real estate in Milan, Italy, decreased overall from 2013 to 2019 from approximately 12.6 percent to 9.8 percent. After slightly increasing in the following three years, the share of vacant offices fell to 9.8 percent in 2024. That was the second-lowest value since 2013.

Among the major office markets in the United States, Miami had the lowest vacancy rate in the fourth quarter of 2024. Approximately **** percent of office space was vacant in that quarter, compared to **** percent in San Francisco. Since the onset of the COVID-19 pandemic, the office real estate sector has had high office vacancies, affecting both downtown and suburban properties.

This EnviroAtlas dataset portrays the vacancy rate for business addresses for each Census Tract for each year from 2010-2014. Vacant buildings are included if they remained vacant for more than one year. Data were compiled from the United States Postal Service (USPS) Vacant Address Data. This dataset was produced by the US EPA to support research and online mapping activities related to EnviroAtlas. EnviroAtlas (https://www.epa.gov/enviroatlas) allows the user to interact with a web-based, easy-to-use, mapping application to view and analyze multiple ecosystem services for the contiguous United States. The dataset is available as downloadable data (https://edg.epa.gov/data/Public/ORD/EnviroAtlas) or as an EnviroAtlas map service. Additional descriptive information about each attribute in this dataset can be found in its associated EnviroAtlas Fact Sheet (https://www.epa.gov/enviroatlas/enviroatlas-fact-sheets).

Percentage of Vacant Dwellings

Corona had the highest office space vacancy rate among the Inland Empire South districts of California in 2023. In the fourth quarter of 2023, Corona registered an office space vacancy rate of 16.6 percent. No vacant office space was registered in Lake Elsinore in the same quarter.

At the end of 2023, seven percent of offices in Moscow were unoccupied. The share of vacant properties in the office real estate market in the Russian capital decreased from the previous year when it exceeded ** percent. In 2024, the vacancy rate was expected to reach over ***** percent.

The vacancy rate for office real estate in Lisbon, Portugal increased since 2019. In 2024, the average vacancy rate was 7.9 percent, which was slightly lower than in 2023. Across the major European cities, Vienna, Luxembourg, and Hamburg had the lowest share of vacant office space.

Market Size and Growth: The global vacant property guarding service market is estimated to be valued at USD XXX million in 2025 and projected to reach USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period. The rising demand for enhanced security solutions to protect vacant properties from unauthorized entry, vandalism, and theft is driving market growth. Additionally, the increasing number of vacant properties due to urbanization, population decline, and economic fluctuations has contributed to the demand for guarding services. Market Dynamics: Key drivers influencing the vacant property guarding service market include the increasing concerns over property security, the growing adoption of technology-enabled guarding solutions, and the rising awareness about the importance of property protection. Moreover, the COVID-19 pandemic has further emphasized the need for secure vacant properties, as many businesses and individuals left their workplaces and homes unattended. However, factors such as high capital costs, regulatory complexities, and competition from in-house security teams may restrain market growth to some extent.

In 2023, the Indian city of Bengaluru had over 15 percent of vacant office spaces. Thereby, the vacancy rate tripled in comparison to the year 2019 when 4.8 percent of the total office space in the city were vacant.

The vacancy rate for office real estate in Inland Empire West, California, increased in 2023. Ontario had the highest percentage of vacant office space, at ** percent in the fourth quarter of the year. Conversely, Chino/Chino Hills experienced the lowest vacancy rate, with *** percent of offices vacant.

This EnviroAtlas dataset portrays the vacancy rate for residential addresses for each Census Tract for each year from 2010-2014. Vacant buildings are included if they remained vacant for more than one year. Data were compiled from the United States Postal Service (USPS) Vacant Address Data. This dataset was produced by the US EPA to support research and online mapping activities related to EnviroAtlas. EnviroAtlas (https://www.epa.gov/enviroatlas) allows the user to interact with a web-based, easy-to-use, mapping application to view and analyze multiple ecosystem services for the contiguous United States. The dataset is available as downloadable data (https://edg.epa.gov/data/Public/ORD/EnviroAtlas) or as an EnviroAtlas map service. Additional descriptive information about each attribute in this dataset can be found in its associated EnviroAtlas Fact Sheet (https://www.epa.gov/enviroatlas/enviroatlas-fact-sheets).

The vacancy rate for office real estate in Hamburg, Germany, increased slightly in 2023, following the first decline since 2018. Between 2013 and 2019 the vacancy rate decreased by *** percent, to a total of *** percent. In 2023, approximately *** percent of offices were vacant. The vacancy rate in Berlin decreased slightly, while in Munich, it followed the opposite trend.

Enquête trimestrielle sur les postes vacants (JVS) But et description sommaire L’enquête trimestrielle sur les postes vacants répond aux besoins statistiques de la Commission européenne tels que définis dans le Règlement (CE) n°453/2008 du Parlement européen et du Conseil du 23 avril 2008, le Règlement (CE) n°1062/2008 de la Commission du 28 octobre 2008 et le Règlement (CE) n°19/2009 de la Commission du 13 janvier 2009. La statistique des emplois vacants donne des informations sur la demande non satisfaite de main-d'œuvre. Les informations sur les emplois vacants sont utilisées pour l'analyse du cycle économique et l'évaluation des inadéquations sur le marché du travail. L’enquête trimestrielle s’appuie sur un échantillon d’entreprises ayant au moins un salarié. Les données sont récoltées par secteur d’activité, par région d’implantation et par classe de taille des entreprises. Population étudiée La population étudiée se compose d’entreprises ayant au moins un salarié. Les activités des ménages, des indépendants et des organisations et organismes extraterritoriaux (ambassades, consulats, institutions européennes, OMD, OTAN…) sont exclues. Depuis 2014, toutes les entreprises qui relèvent des sections B à S de la NACE rév. 2 sont analysées. Principales définitions Un « poste vacant » est un emploi rémunéré nouvellement créé, non pourvu, ou qui deviendra vacant sous peu, pour le pourvoi duquel l’employeur entreprend activement de chercher, en dehors de l’entreprise concernée, un candidat apte et est prêt à entreprendre des démarches supplémentaires ; qu’il a l’intention de pourvoir immédiatement ou dans un délai déterminé. Un poste vacant ouvert uniquement aux candidats internes n'est pas traité comme une « vacance d'emploi ». Un « poste occupé » est un emploi rémunéré au sein d’une organisation auquel un salarié a été affecté. Le taux de vacance d'emploi (TVE) mesure la proportion des emplois totaux qui sont vacants, selon la définition du poste vacant susmentionnée, exprimée en pourcentage, comme suit : Méthode de collecte des données et taille de l’échantillon La méthode d’échantillonnage utilise le principe du panel avec rotation dont le tirage se réalise selon la taille et le secteur d’activité des entreprises employeurs sur base de leurs déclarations individuelles et trimestrielles sur les postes occupés auprès de l'Office national de sécurité sociale (ONSS). Les entreprises sélectionnées dans l’échantillon sont interrogées chaque trimestre de l’année. Au bout d’un an, un tiers des entreprises appartenant aux strates qui ont une probabilité de tirage inférieure à un tiers sont renouvelées. Pour les autres strates, les entreprises restent chaque année dans le panel. Le choix du panel est maintenu parce que cela permet de tenir compte des évolutions dans le monde de l’entreprise tout en garantissant la cohérence entre les trimestres. Les questionnaires sont envoyés aux entreprises sous un format XBRL après les avoir informées de leur sélection par courrier. Le formulaire d’enquête demande aux entreprises le nombre de postes occupés et vacants, fixes et d’intérim selon les trois Régions du pays. La date de référence est la date du milieu du trimestre (15 février pour le 1er trimestre, 15 mai pour le 2e trimestre, 16 août pour le 3e trimestre et 16 novembre pour le 4e trimestre). Le nombre moyen d’entreprises interrogées chaque trimestre se situe entre 10.000 et 11.000. Périodicité L’enquête sur les postes vacants est organisée chaque trimestre. Calendrier de publication Les résultats sont publiés 70 jours après la période de référence. Métadonnées Offres d'emploi.pdf