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High-End Office Buildings See Biggest Moves in Vacancy

Top-Rated Properties in Largest US Cities Bear Brunt of Challenges

Class A properties in major markets such as San Francisco have borne the brunt of shifting office demand since early 2020. (Clinton Perry/CoStar)
Class A properties in major markets such as San Francisco have borne the brunt of shifting office demand since early 2020. (Clinton Perry/CoStar)

The recent reset in office demand has rocked U.S. markets from sea to shining sea. At the midpoint of the third quarter of 2023, the national office vacancy rate hit a record high of 13.2%, a full 370 basis points higher than at the end of 2019.

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