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As office demand reconnects to jobs, slow-growth forecast weighs on outlook

A familiar demand driver comes back into focus as fallout from the pandemic subsides across the workplace
Austin, Texas, has been the nation's leading metropolitan area for office-using job growth. It is projected to retain this ranking despite generally slower growth recently. (Saeid Zare/CoStar)
Austin, Texas, has been the nation's leading metropolitan area for office-using job growth. It is projected to retain this ranking despite generally slower growth recently. (Saeid Zare/CoStar)
CoStar Analytics
September 19, 2024 | 4:00 P.M.

More than four years have now passed since the onset of the pandemic in the United States, and the havoc wreaked on demand for office space is finally tapering off. The outlook for the office occupancy market is shifting away from a focus on attendance and back toward the familiar pattern of employment growth in the major knowledge sectors.

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