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New Office Space Could Become a Rare Commodity As Construction Slows

The Most In-Demand Type of Space in First-Generation Buildings Could Become Scarce in Just a Few Years

Gleaming new office towers like the one at 400 W 6th St. in Austin, Texas, set to be completed before the end of the year, are likely to become increasingly rare by 2027. (CoStar)
Gleaming new office towers like the one at 400 W 6th St. in Austin, Texas, set to be completed before the end of the year, are likely to become increasingly rare by 2027. (CoStar)

Demand for office space has been fragile since the beginning of 2020, but the resulting slowdown in construction could still lead to a dearth of desirable space in many major markets in the years ahead.

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