A rapidly shrinking construction pipeline has become a major force in the national office market just as demand has stabilized. The interaction of the two supply and demand trends is already affecting tenants, and their choices offer hints of how the years ahead may play out.
Pre-leasing is up. Construction is down. So why is so much space available in new office buildings?
Tenants in some markets find not all new buildings are good fits
By Phil Mobley
CoStar Analytics
March 20, 2025 | 5:34 P.M.
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