The net absorption of office real estate in the United States is forecast to increase in 2023, after a sluggish year with slightly over two million square feet of space absorbed in 2022 and many markets experiencing negative net absorption. The sector has been badly affected by the drop in demand as many businesses introduced hybrid work to tackle the spread of the coronavirus pandemic. The net absorption measures the amount of space that became newly occupied minus the space vacated during a specific period. In 2023, the net absorption of offices is set to exceed 23 million feet.
Office real estate net absorption in the United States in 2022, with a forecast until 2027
(in million square feet)
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Moody's Analytics. (February 16, 2023). Office real estate net absorption in the United States in 2022, with a forecast until 2027 (in million square feet) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/
Moody's Analytics. "Office real estate net absorption in the United States in 2022, with a forecast until 2027 (in million square feet)." Chart. February 16, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/
Moody's Analytics. (2023). Office real estate net absorption in the United States in 2022, with a forecast until 2027 (in million square feet). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/
Moody's Analytics. "Office Real Estate Net Absorption in The United States in 2022, with a Forecast until 2027 (in Million Square Feet)." Statista, Statista Inc., 16 Feb 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/
Moody's Analytics, Office real estate net absorption in the United States in 2022, with a forecast until 2027 (in million square feet) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/ (last visited November 10, 2024)
Office real estate net absorption in the United States in 2022, with a forecast until 2027 (in million square feet) [Graph], Moody's Analytics, February 16, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/194062/us-office-net-absorption-forecasts-from-2010/
