Despite record-high office vacancy, asking rents for those properties have continued to climb, creating a paradox that can puzzle many in commercial real estate. How can office rents keep going up when overall occupancy is plummeting? This unusual situation is not without precedent, and history offers an instructive example for comparison.
A closer look at the office rent paradox
It is rare for office rent and vacancy to increase at the same time, but not unprecedented
CoStar Analytics
October 8, 2024 | 8:16 P.M.
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