{"id":1004454823,"date":"2020-05-29T08:11:25","date_gmt":"2020-05-29T16:11:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004454823"},"modified":"2022-04-19T01:09:29","modified_gmt":"2022-04-19T09:09:29","slug":"2020-national-office-occupancy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/","title":{"rendered":"2020 National Office Occupancy"},"content":{"rendered":"<div id=\"attachment_1004454826\" style=\"width: 510px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004454826\" data-attachment-id=\"1004454826\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/620_leasing_vac_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png\" data-orig-size=\"800,513\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"620_Leasing_Vac_Office\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png?w=800\" class=\"wp-image-1004454826\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png\" alt=\"\" width=\"500\" height=\"321\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png?resize=300,192 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png?resize=768,492 768w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><p id=\"caption-attachment-1004454826\" class=\"wp-caption-text\">Source: CoStar Group Inc.<\/p><\/div>\n<p>On a national level, vacancy rates for office markets were up by 20 basis points year-over-year in the fourth quarter, reaching 8.9 percent. Compared to 2017, vacancy rates increased by 10 basis points. Regionwide, the most notable gains came from the Midwest and South, where rates were up by 40 basis points compared to the same interval in 2018. Vacancy rates increased by 20 basis points in the Northeast. The West is the only region where office vacancy rates dropped year-over-year, down by 10 basis points, to 8.4 percent.<\/p>\n<p>Office vacancy rates for the fourth quarter of 2020 are forecasted to decrease by 30 basis points on a national level. Vacancy rates in the West and South are expected to increase by 40 basis points, followed by the Midwest, up by 30 basis points. Vacancy in the Northeast is forecasted to grow by 20 basis points, the smallest increase regionwide.<\/p>\n<p>\u2014Posted on May 29, 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Year-over-year office vacancy rate percentages compared nationally and by region, updated quarterly.<\/p>\n","protected":false},"author":1312,"featured_media":1004454826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753],"tags":[],"class_list":["post-1004454823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2020 National Office Occupancy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 National Office Occupancy\" \/>\n<meta property=\"og:description\" content=\"Year-over-year office vacancy rate percentages compared nationally and by region, updated quarterly.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-29T16:11:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-19T09:09:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/620_Leasing_Vac_Office.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"513\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/2020-national-office-occupancy\/\",\"name\":\"2020 National Office Occupancy - 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