U.S. Office Sector Shifts Into Growth as Vacancies Decrease

November 18, 2025

The U.S. office market is bouncing back, entering a growth cycle after years of fighting vacancies, according to JLL’s Q3 office market dynamics report. National office vacancy rates declined for the first time since early 2019, falling five basis points to 22.5% at the end of the third quarter. Leasing activity is at 82% of pre-pandemic levels. Read on to learn more: Link