More Office Space Removed Than Built in U.S. for First Time Since 2000
Allwork
JUNE 3, 2025
million square feet in 2018 to 25 million in 2024, according to CBRE. Cleveland leads all markets in the percentage of its total office inventory undergoing conversion. The overall supply of new office construction has declined sharply since before the pandemic. Completions fell from 51.2
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