While I hate to admit this in a public forum, I quietly enjoy the odd Taylor Swift song. It is definitely a monumental left turn from the normal music blaring from my home or car speakers.
Blank space huh? Well....that is what the commercial office space market in this country looks like. In fact, a whopping 15.7% national commercial office vacancy rate was exhibited in the third quarter according to a report released by CBRE.
While the third quarter of 2021 offers some good news for the office segment, it also marks the passage of a sobering milestone: the national vacancy rate has reached 15.7%, its highest point since 1994, surpassing the vacancy levels of the dot-com bubble and the global financial crisis.
Not a pretty picture below. We will be keeping a sharp eye on this one.