CSGP · News · 20260807N

U.S. Office Vacancy Improvement

COSTAR GROUP, INC. · 2026-08-07 · Importance 22 · Surprise 32

CoStar expects U.S. office vacancy to remain broadly stable through 2026 before beginning a gradual decline. National office vacancy fell slightly below 14% in Q2 2026, 30 basis points below its mid-2025 record peak. The data indicates a modest improvement in office-market fundamentals, although the digest does not identify a broad regional recovery.

Key facts

• CoStar expects U.S. office vacancy to remain steady through 2026 before beginning a gradual decline. source
• National office vacancy dropped slightly below 14% in Q2 2026 and shifted 30 basis points below its mid-2025 record peak. source