CBD Office Vacancy Rates - Moody's CRE

Nov 26, 2024 · Moreover, Figure 2 reveals the primary metros with the highest CBD office vacancy rates as of the third quarter of 2024. Notably, Dayton, OH had the highest CBD office vacancy rate at 37.5%. Figure 1: CBD Vacancy Rates by Region. Data as of Q3 2024. Results …

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CBD Office Vacancy Rates - Moody's CRE

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moodyscre.com

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Office Vacancy Peak Could Be A Year Away After Slight Decline

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Dec 5, 2024 · A Moody’s CRE economist explains how CBD office trends impact regional performance. ... Dayton, Ohio, had the highest CBD office vacancy rate at 37.5%, followed by …

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Moody’s Traffic Light Analysis Shows Retail On Top, CBD Office On …

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Jan 2, 2025 · Vacancy rates edged down 10 basis points to 18.7%; the previous year’s rate was 18.3%. Year-over-year vacancy was better in 26 markets, worse in 35, and unchanged in two.

globest.com

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US Office Market Vacancy Rate Dips — And 2025 Could Be Volatile

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Dec 9, 2024 · Miami ranked No. 2, going from 25.1% in Q4 2019 to 19% in Q3 2024, followed by San Bernandino/Riverside, California — from 23.8% to 18.6% — and Atlanta, where the CBD …

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The US Cities Where Central Business District Office Vacancy Rates …

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Dec 6, 2024 · Dive Brief: U.S. central business districts experienced slightly higher average vacancy rates than the commercial real estate market as a whole in the third quarter — 20.3% …

smartcitiesdive.com

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Office Vacancy Rates Are At A Historic High. Is The Worst Almost Over ...

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2 days ago · Moody’s year-end report shows that office vacancy reached 20.4% as of the fourth quarter of 2024, 3.6% higher than it was five years ago. That was before the pandemic, and …

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12-Month Vacancy Point Changes: Office Sector - Moody's CRE

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Jul 18, 2024 · The office sector achieved a record vacancy rate of 20.1%, surpassing historical levels, with a steady rise in vacancies fueled by lasting shifts in working behavior following the …

moodyscre.com

FAQs about CBD Office Vacancy Rates - Moody's CRE Coupon?

Where is the highest CBD office vacancy rate?

In the country's western region, the average CBD vacancy rate in Q3 was 24%, which was among the highest by region in the nation. Among markets tracked by Moody's, Dayton, Ohio, had the highest CBD office vacancy rate, at 37.5%. That was followed by Dallas (34.4%), St. Louis (33%), San Antonio (31.4%) and Las Vegas (30.7%). ...

Where are CBD vacancy rates rising?

That was followed by Dallas (34.4%), St. Louis (33%), San Antonio (31.4%) and Las Vegas (30.7%). A few market CBDs have actually seen improvement in their vacancy rates since 2019. Most notably, Tucson, Arizona's CBD stood at 22.2% at the end of 2019 and dropped to 10.2% in Q3 2024, according to Moody's. ...

Is the national office vacancy rate a positive indicator?

The nation's office vacancy rate declined to 20% in the third quarter, down just barely from 20.1% the previous quarter, according to Moody's Analytics Inc. While the quarterly decline may be a positive indicator for the market, the national vacancy rate is predicted by the firm to move up and down more before settling into a new normal. ...

Will the US office vacancy rate hit bottom again?

The U.S. office vacancy rate has begun to stabilize — and dip ever so slightly, according to some industry trackers — but it's still not likely to hit bottom for another several quarters. The nation's office vacancy rate declined to 20% in the third quarter, down just barely from 20.1% the previous quarter, according to Moody's Analytics Inc. ...

Will the vacancy rate rise in the coming quarters?

And while the vacancy rate could rise in the coming quarters, there are a number of counterbalancing forces to help keep the rate from growing too much, Reidy said. That includes a slowdown in new office construction, which is likely to continue next year, as well as gains in office-using employment. ...

Why did office vacancy dip in the third quarter?

The third quarter saw a dip in office vacancy nationally because net absorption turned positive — with more than 5 million square feet of absorption tracked by Moody's — after seven consecutive quarters of decline. ...