CoStar Lowers U.S. Office Vacancy Forecast to 13.6% for Year-End

By Public Technologies13:03 (UTC), 29 October 2026 Updated

CoStar lowered its year-end U.S. office vacancy forecast to 13.6% from 13.7%.
Net absorption is projected at 20 million square feet in 2026, up from 13 million square feet previously.
The 2027 net absorption forecast rose to 9 million square feet from 5 million square feet.
Asking rents are forecast to grow 2.5% annually over the next few quarters, accelerating above 3% toward the end of 2027.
A sharp slowdown in new construction is limiting desirable office space, supporting rent growth despite high vacancy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610290900BIZWIRE_USPR_____20261029_BW419400) on October 29, 2026, and is solely responsible for the information contained therein.