Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q2 2025 about vacancy, rent, rate, and USA.

The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.

Vacancy rates across the office real estate sector in the U.S. increased in the second 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 second 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 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.

Graph and download economic data for Rental Vacancy Rate for the United States (USRVAC) from 1986 to 2024 about vacancy, rent, rate, and USA.

Graph and download economic data for Home Vacancy Rate for the United States (USHVAC) from 1986 to 2024 about vacancy, housing, rate, and USA.

View quarterly updates and historical trends for US Rental Vacancy Rate. from United States. Source: Census Bureau. Track economic data with YCharts analy…

Freestanding retail real estate in the United States had the highest occupancy rate in the fourth quarter of 2024, at **** percent. This was *** percent higher than the average for the retail real estate sector. Malls, life centers and outlet centers had the highest vacancy, with **** percent of space occupied.

In 2023, the average vacancy rate for industrial and logistics real estate in the United States started to rise, marking the first increase since early 2020. As of the first quarter of 2025, approximately *** percent of industrial and logistics real estate was vacant - an increase of **** percentage points since the fourth quarter of 2022. Despite vacancies rising, in many of the major industrial markets, the vacancy rate stood below five percent. Why has the vacancy rate increased? High-quality warehousing and fulfillment centers are crucial to the e-commerce sector because they allow retailers to establish efficient processes, reduce costs, and meet consumer expectations. During the COVID-19 pandemic, e-commerce sales grew rapidly, driving demand for industrial and logistics real estate. Rising leasing activity led to the share of available space dropping notably. As development increased to meet this demand, 2023 experienced the highest amount of new completions and vacancies rising. Which are the largest U.S. industrial and logistics markets? Home to the largest port complex in North America and a gateway for the trade between Asia and North America, Greater Los Angeles is the market with the most industrial and logistics real estate stock. Nevertheless, when considering demand, Phoenix and Houston topped the ranking with the most industrial and logistics real estate absorbed in 2024. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

Home Vacancy Rate for the United States was 1.00% in January of 2024, according to the United States Federal Reserve. Historically, Home Vacancy Rate for the United States reached a record high of 2.80 in January of 2008 and a record low of 0.80 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Home Vacancy Rate for the United States - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Rental Vacancy Rate for Texas (TXRVAC) from 1986 to 2024 about vacancy, rent, TX, rate, and USA.

US office rental vacancy represents the percentage of available office units that are unoccupied in a given year. This metric measures the proportion of total office space across commercial real estate markets nationwide that remains unleased. Data is sourced from Cushman and Wakefield and other commercial real estate tracking services.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

Graph and download economic data for Job Openings: Real Estate and Rental and Leasing (JTU5300JOL) from Dec 2000 to Jul 2025 about job openings, leases, vacancy, real estate, rent, and USA.

The office real estate leasing market in the United States was severely affected by the coronavirus pandemic. Before the pandemic, the average vacancy rate of downtown offices was **** percent and in 2023, it increased to **** percent. Suburban offices were less affected, with the vacancy rate rising from **** percent to **** percent.

Vacancy rates of shopping center real estate increased across all regions in the United States at the beginning of 2021, but declined as the economy started to recover from the impacts of the coronavirus pandemic. As of the first quarter of 2025, the South region had the lowest average vacancy rate at *** percent. Meanwhile, the average for the country stood at *** percent. Nashville, TN, Raleigh/Durham, NC, and Sarasota, FL, were the markets with the lowest vacancy rates at under ***** percent.

Graph and download economic data for Households; Owner-Occupied Real Estate Including Vacant Land and Mobile Homes at Market Value, Transactions (BOGZ1FA155035015A) from 1946 to 2024 about Mobile, land, market value, vacancy, transactions, real estate, households, housing, and USA.

The United States real estate brokerage market, valued at $197.33 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.10% from 2025 to 2033. This growth is driven by several key factors. A robust housing market, fueled by increasing population and urbanization, continues to generate significant demand for brokerage services. Technological advancements, such as improved online platforms and data analytics, are streamlining operations and enhancing efficiency for both brokers and consumers. The rise of iBuyers and proptech companies, while posing some competition, also contribute to market expansion by creating innovative solutions and attracting a broader customer base. Furthermore, a shift toward specialized services, catering to niche markets like luxury properties or commercial real estate, is expected to contribute to market diversification and growth. The market is segmented into residential and non-residential sectors, with sales and rental services further dividing each segment. Major players such as Keller Williams, RE/MAX, Coldwell Banker, and Berkshire Hathaway Home Services maintain significant market shares, competing through brand recognition, extensive networks, and technological capabilities. However, certain restraints are present. Interest rate fluctuations and economic uncertainty can impact buyer confidence and consequently, transaction volume. Increasing regulatory scrutiny and compliance costs also add operational challenges for brokerage firms. Competition from independent agents and disruptive technologies demands continuous adaptation and innovation to maintain market competitiveness. The residential segment is expected to remain the largest, driven by consistent demand, while the non-residential sector may show slightly slower growth given fluctuations in commercial investment and development cycles. The sales segment will likely maintain its predominance, although the rental market is anticipated to see growth, reflecting evolving consumer preferences and rental market trends. The ongoing evolution of the market will likely see greater consolidation among larger firms and an increased focus on technological solutions, enhancing transparency, customer experience, and overall market efficiency. This comprehensive report provides an in-depth analysis of the United States real estate brokerage market, covering the period from 2019 to 2033. It leverages extensive market research and data analysis to offer valuable insights into market trends, growth drivers, challenges, and key players. The report is essential for investors, industry professionals, and anyone seeking a comprehensive understanding of this dynamic sector. The base year for this analysis is 2025, with estimations for 2025 and forecasts extending to 2033, utilizing historical data from 2019-2024. Search terms optimized for maximum visibility include: real estate brokerage, US real estate market, real estate trends, residential real estate, commercial real estate, real estate agents, real estate investment, real estate technology, M&A real estate, and real estate market analysis. Recent developments include: May 2024: Compass Inc., the leading residential real estate brokerage by sales volume in the United States, acquired Parks Real Estate, Tennessee's top residential real estate firm that boasts over 1,500 agents. Known for its strategic acquisitions and organic growth, Compass's collaboration with Parks Real Estate not only enriches its agent pool but also grants these agents access to Compass's cutting-edge technology and a vast national referral network., April 2024: Compass has finalized its acquisition of Latter & Blum, a prominent brokerage firm based in New Orleans. Latter & Blum, known for its strong foothold in Louisiana and other Gulf Coast metros, has now become a part of Compass. This strategic move not only solidifies Compass' presence in the region but also propels it to a significant market share, estimated at around 15% in New Orleans.. Key drivers for this market are: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the market. Potential restraints include: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the market. Notable trends are: Industrial Sector Leads Real Estate Absorption, Retail Tightens Vacancy Rates.

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Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion, at a CAGR of 4.6% between 2024 and 2029. The market is experiencing significant growth, fueled by increasing marketing initiatives and the rising emphasis on remote work and online shopping.

Major Market Trends & Insights

APAC dominated the market and accounted for a 42% share in 2023. The market is expected to grow significantly in North America region as well over the forecast period. Based on the End-user, the offices segment led the market and was valued at USD 514.30 billion of the global revenue in 2023. Based on the Channel, the rental segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 1682.10 Billion Future Opportunities: USD 427.3 Billion CAGR (2024-2029): 4.6% APAC: Largest market in 2023

The market continues to evolve, with dynamic market activities unfolding across various sectors. Environmental impact assessments are increasingly crucial in property development, shaping the design and construction process. Tenant representation plays a pivotal role in securing suitable spaces for businesses, while 3D modeling facilitates effective space planning and data visualization. Due diligence is an ongoing process, ensuring compliance with legal and regulatory requirements. Property tax assessments, vacancy rates, and property management are essential components of commercial real estate investment strategies. Distressed properties present opportunities for joint ventures and strategic investments, while interior design and machine learning contribute to enhancing tenant experience and optimizing building performance.

What will be the Size of the Commercial Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Investment properties, industrial properties, and urban planning strategies benefit from big data analytics and virtual tours, enabling informed decision-making. Commercial mortgages and brokerage services facilitate the buying and selling of properties, while occupancy costs and building codes ensure operational efficiency and safety. The market is a complex, ever-changing landscape, with continuous market dynamics shaping its various sectors. From environmental impact assessments to tenant representation, property management, and investment strategies, the integration of various components is essential for success in this dynamic industry. The retail segment is the second largest segment of the end-user and was valued at USD 257.50 billion in 2023.

This trend is transforming the commercial real estate landscape, with a shift towards adaptive spaces that cater to the evolving needs of businesses and consumers. The increasing adoption of marketing strategies, such as digital marketing and experiential retail, is driving demand for commercial properties that can effectively showcase brands and create memorable customer experiences. Additionally, the shift towards remote work and online shopping is leading to a surge in demand for data centers, logistics facilities, and flexible office spaces.

However, this market is not without challenges. The rapid pace of technological advancements and changing consumer preferences pose significant obstacles for commercial real estate developers and investors. The need to adapt to these shifts and stay competitive requires a deep understanding of market trends and the ability to pivot quickly. Furthermore, regulatory changes and economic instability can also impact the market's growth trajectory. To capitalize on the opportunities and navigate the challenges effectively, companies must stay informed about the latest market trends and consumer preferences. Investing in technology and innovation, while also maintaining flexibility and adaptability, will be key to success in the evolving the market.

How is this Commercial Real Estate Industry segmented?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

Offices Retail Leisure Others

Channel

Rental Lease Sales

Transaction Type

Commercial Leasing Property Sales Property Management

Service Type

Brokerage Services Property Development Valuation Consulting Facilities Management

Geography

North America

US Canada

Europe

France Germany Italy UK

Middle East and Africa

Egypt KSA Oman UAE

APAC

China India Japan

South America

Argentina Brazil

Rest of World (ROW)

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast pe

The US office real estate market, while facing headwinds from remote work adoption, demonstrates resilience and ongoing growth. The market size, estimated at $1.5 trillion in 2025, is projected to experience a compound annual growth rate (CAGR) exceeding 4% through 2033, driven by several key factors. Increased urbanization and population growth in major metropolitan areas fuel demand for office space, especially in sectors like Information Technology (IT and ITES), Manufacturing, and BFSI (Banking, Financial Services, and Insurance). Furthermore, the ongoing expansion of consulting firms and other service-based industries continues to contribute to this demand. However, the market faces challenges from evolving work models, with hybrid and remote work arrangements impacting overall occupancy rates. Technological advancements are also transforming the office landscape, pushing for more efficient and technologically advanced spaces, driving demand for renovations and new construction. Major players like Hitt Contracting, Kiewit Corporation, and others are navigating these trends, adapting their strategies to meet the changing needs of their clients. The market segment breakdown will likely reflect the ongoing growth in tech and service sectors, while traditional industries continue to hold significant shares, albeit with potentially slower growth rates. Regional differences will persist, with major metropolitan areas such as New York, Los Angeles, Chicago, and San Francisco likely continuing to dominate the market, but secondary and tertiary markets may experience slower, yet steady growth based on local economic conditions. The long-term forecast anticipates sustained growth, albeit at a potentially moderated pace, due to the evolving work landscape. Strategic investments in building renovations, advanced technologies, and flexible lease agreements are crucial for navigating the market's dynamics. The competition among major players will remain intense, with emphasis on providing value-added services and adapting to tenant preferences. Geographic diversification will be key for companies to mitigate risk and capitalize on growth opportunities across different regions. The successful firms will leverage data analytics, sustainability initiatives, and a deep understanding of tenant needs to thrive in this dynamic and evolving market. This comprehensive report provides an in-depth analysis of the USA office real estate industry, covering the period from 2019 to 2033. It offers invaluable insights into market size, segmentation, trends, and future growth projections, encompassing key sectors like Information Technology (IT and ITES), Manufacturing, BFSI (Banking, Financial Services, and Insurance), Consulting, and Other Services. With a focus on the estimated year 2025 and a forecast period extending to 2033, this report is essential for investors, developers, and industry professionals seeking to navigate the complexities of this dynamic market. The report utilizes a base year of 2025, with a historical period spanning 2019-2024 and a forecast period of 2025-2033. This detailed analysis leverages high-search-volume keywords, like commercial real estate, office space, USA office market, real estate investment trusts (REITs), and office leasing, to ensure maximum online visibility. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increase in Leasing Volumes.

Our extensive database contains approximately 800,000 active rental property listings from across the United States. Updated daily, this comprehensive collection provides real estate professionals, investors, and property managers with valuable market intelligence and business opportunities. Database Contents

Property Addresses: Complete location data including street address, city, state, ZIP code Listing Dates: Original listing date and most recent update date Availability Status: Currently available, pending, or recently rented properties Geographic Coverage: Properties spanning all 50 states and major metropolitan areas

Applications & Uses

Market Analysis: Track rental pricing trends across different regions and property types Investment Research: Identify high-opportunity markets with favorable rental conditions Lead Generation: Connect with property owners potentially needing management services Competitive Intelligence: Monitor listing volumes, vacancy rates, and market saturation Business Development: Target specific neighborhoods or property categories for expansion

File Format & Delivery

Organized in easy-to-use CSV format for seamless integration with data analysis tools Accessible through secure download portal or API connection Daily updates ensure you're working with the most current market information Custom filtering options available to narrow results by location, date range, or other criteria

Data Quality

Rigorous validation processes to ensure address accuracy Duplicate listing detection and removal Regular verification of active status Standardized format for consistent analysis

Subscription Benefits

Access to historical listing archives for trend analysis Advanced search capabilities to target specific property characteristics Regular market reports summarizing key trends and opportunities Custom data exports tailored to your specific business needs

AK ~ 1,342 listings AL ~ 6,636 listings AR ~ 4,024 listings AZ ~ 25,782 listings CA ~ 102,833 listings CO ~ 14,333 listings CT ~ 10,515 listings DC ~ 1,988 listings DE ~ 1,528 listings FL ~ 152,258 listings GA ~ 28,248 listings HI ~ 3,447 listings IA ~ 4,557 listings ID ~ 3,426 listings IL ~ 42,642 listings IN ~ 8,634 listings KS ~ 3,263 listings KY ~ 5,166 listings LA ~ 11,522 listings MA ~ 53,624 listings MD ~ 12,124 listings ME ~ 1,754 listings MI ~ 12,040 listings MN ~ 7,242 listings MO ~ 10,766 listings MS ~ 2,633 listings MT ~ 1,953 listings NC ~ 22,708 listings ND ~ 1,268 listings NE ~ 1,847 listings NH ~ 2,672 listings NJ ~ 31,286 listings NM ~ 2,084 listings NV ~ 13,111 listings NY ~ 94,790 listings OH ~ 15,843 listings OK ~ 5,676 listings OR ~ 8,086 listings PA ~ 37,701 listings RI ~ 4,345 listings SC ~ 8,018 listings SD ~ 1,018 listings TN ~ 15,983 listings TX ~ 132,620 listings UT ~ 3,798 listings VA ~ 14,087 listings VT ~ 946 listings WA ~ 15,039 listings WI ~ 7,393 listings WV ~ 1,681 listings WY ~ 730 listings

Grand Total ~ 977,010 listings