CommercialCafe

Gradually, vacancy rates are beginning to recede in most U.S. office space markets. Our latest analysis shows that the national vacancy rate has dropped by 150 basis points since peaking in March last year.

Vacancies in several markets peaked in late 2023 or early 2024, with some seeing vacancy rate decreases as significant as 300+ basis points since. Find out more in our complete January office report:

Vacancy Rates Begin to Slip & Construction Starts Level Off as Coworking Maintains Competitive Edge Insights on office investment, leasing, vacancy, and construction across the largest office markets in the U.S. in December 2025.

2025 cemented itself as a transitional year for industrial real estate, with tariff-driven volatility and manufacturing shifts defining the sector. Read more:

November 2025 Industrial Report: Smaller-Scale Industrial Properties Prove Resilient Smaller industrial facilities are seeing enduring demand despite the hurdles of infill site development, with larger industrial real estate properties falling behind in development.

So far in 2025, 340 industrial facilities smaller than 100,000 square feet broke ground across the U.S., rising by 16% compared to the same period in 2024 and not far behind the 397 properties from the same period of 2022.

For comparison, construction of large facilities almost halved between 2024 and 2025.

Smaller industrial properties are showing great resilience thanks to last-mile logistics demand and a pivot towards flexibility in the industry.

November 2025 Industrial Report: Smaller-Scale Industrial Properties Prove Resilient Smaller industrial facilities are seeing enduring demand despite the hurdles of infill site development, with larger industrial real estate properties falling behind in development.