Discover in details the office market in Miami, New York, Los Angeles, Houston, San Francisco, Chicago and Washington DC.
United States: New York/ Manhattan office market - 2025
Vacancies are descending, but excess Class B space is pressuring Rents. Investment sales volume ticks up again.
United States: Miami office market - 2025
Still below levels seen in many major U.S. office markets. Rental performance diverged across the market: prime office rents rose to $89.69 PSF, setting another record high, while average office rents declined to $51.80 in 2025.
United States: Washington DC office market - 2025
Employment services in the District of Columbia declined by 4.4 percent in 2025 as federal workforce reductions and contractor pullbacks disproportionately affected professional and business services.
United States: Houston office market - 2025
Houston’s office leasing witnessed a net loss of over 639K SF this quarter after a lengthy list of leases expired and relocating tenants vacated large spaces as expected.
United States: San Francisco office market - 2025
With a positive Q4 at 950,610 SF, the fourth quarter marks only the third time the market has seen positive net absorption since the start of the pandemic in the first quarter of 2020
United States: Los Angeles office market - 2025
Vacancy remains at record highs. Downtown continues to struggle with vacancy rates exceeding 20% while the desirable Century City submarket sits at 12.3% direct vacancy.
United States: Chicago office market - 2025
Leasing activity remains below pre-pandemic levels but appears to be settling into a new normal, whilst office investment nears rock bottom.
United States: Dallas office market - 2025
Rental growth continues despite rising vacancy, supported by a combination of targeted corporate expansions and sustained demand for higher quality office environments. Investment declines due to capital market conditions.
