As of September, workplace utilization remained unchanged and emptiness charges are continued to rise, marking a 1.7 % year-over-year change on a nationwide stage. That month, the nationwide emptiness price stood at 19.5 %.
Among the many prime markets within the U.S. the place the workplace emptiness price confirmed an enormous enhance compared with final yr’s knowledge stands Austin—main with a 6.6 % year-over-year change—adopted by Boston (6.1 %), Denver (4.0 %) and Seattle (3.9 %).
However, workplace markets that confirmed enhancements in emptiness charges embrace Manhattan, that marked a 0.9 % year-over-year drop, and Phoenix, exhibiting a 0.8 % lower. These two metros confirmed a 16.8 % and a 18.0 % emptiness price in September, respectively, beneath the nationwide price. Los Angeles can also be exhibiting a slight enchancment, with a 0.1 % year-over-year lower, with its emptiness price reaching 16.3 % as of September.
