Core Insights - U.S. office vacancy projections remain stable, with a forecasted rate of 14.1% through the end of 2026, indicating a steady outlook for the sector [1] Group 1: Vacancy Projections - The near-term U.S. office outlook anticipates stable vacancy rates at 14.1% until the end of 2026 [1] - A cyclical peak in office vacancy is expected in mid-2025, followed by a slight decrease by the end of that year [1] - After 2026, a gradual decline in vacancy rates is anticipated, suggesting a potential recovery in the office market [1]

Core Insights - The U.S. office market outlook has been slightly upgraded according to CoStar's revised forecast [1] - The near-term projection indicates a positive absorption of 10 million square feet over the next four quarters, contrasting with the previous forecast of a negative absorption of 4 million square feet [1] Summary by Category - **Market Performance** - The third quarter of 2025 is expected to show a performance shift in the U.S. office market [1] - The revised forecast reflects a more optimistic view of the office space demand [1] - **Forecast Changes** - The new forecast anticipates a total of 10 million square feet of positive absorption, an upgrade from the earlier prediction of negative absorption [1]