Despite expectations of a declining office market, the U.S. office sector is showing resilience. Leasing activity in fourth quarter 2024 hit a post-COVID high for the third consecutive quarter, with 52.9 million square feet leased—marking significant growth year-over-year. Experts suggest strong demand for high-quality office spaces, particularly those prioritizing sustainability and technology. Some industry leaders, like Alfonso Munk of Hines, see 2025 as a potential turning point for commercial real estate recovery, raising questions about the sector’s long-term trajectory.
To learn more, read "Rethinking office and workspace," by Jennifer Bollen, a freelance writer living in the United Kingdom, in the March 2025 issue of Institutional Real Estate Americas.
