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Office demand reconnects with job growth

These buildings face a multilayered employment outlook for industries that occupy them
Strong job growth in ambulatory healthcare services is driving demand for medical office buildings. Above, the recently completed Atlantic Village Professional Center in Hallandale Beach, Florida. (CoStar)
Strong job growth in ambulatory healthcare services is driving demand for medical office buildings. Above, the recently completed Atlantic Village Professional Center in Hallandale Beach, Florida. (CoStar)
CoStar Analytics
February 18, 2025 | 1:06 AM

A clear shift in the dynamics of the office occupancy market occurred in the last quarter of 2024 with move-ins exceeding move-outs by a substantial margin for the first time in two years. With this stabilization of demand comes a renewed focus on job growth within the office-using knowledge and professional services-oriented industries.

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