More Office Space Removed Than Built in U.S. for First Time Since 2000
Allwork
JUNE 3, 2025
For the first time in over two decades, more U.S. office space is expected to be repurposed or demolished than built new, according to CBRE. CoStar News reports that the commercial real estate firm projects that 23.3 million square feet of office space across 58 major U.S. markets will be either demolished or converted to other uses by the end of 2025.
Let's personalize your content