More Office Space Removed Than Built in U.S. for First Time Since 2000
Allwork
JUNE 3, 2025
CoStar News reports that the commercial real estate firm projects that 23.3 Whelan said downtown areas are shifting toward mixed-use development, as cities aim to bring more retail, restaurants, and housing to their cores. Construction and financing costs remain elevated, and tariffs are adding pressure on larger projects.
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