Record Office Vacancy as Leases End and No New Tenants Emerge

Office space available to lease in the US has reached an all-time high, signaling the increasing commercial real estate crisis.
Many companies are not renewing leases and are trying to sublet their office spaces as the rise of remote work reduces demand.
Tech centers like San Francisco and Houston have some of the highest rates of available office space, with millions of square feet looking for new tenants.
Vacancy rates are rising for the sixth straight quarter, worrying commercial landlords across the country about the future of city centers.
The distress in the office market is expected to worsen in the coming months without a rebound in demand for workspace.