Office vacancies turn corner, driven by small occupiers: CBRE

This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. U.S. office vacancies showed their first year-over-year decline since the pandemic, according to a report by CBRE. The shift has been driven by a slowdown in new construction and the demolition and conversion of older office space, according to Stefan Weiss, U.S. head of office research for CBRE.  The vacancy rate of 18.8% in Q3 compares to 19% a year prior — a ...