More office space is being removed than added for the first time in at least 25 years

Published Mon, Jun 2 202512:17 PM EDT

By: Diana Olick

watch nowVIDEO01:34Office space shrinks in 2025: CBRE

After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.

Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from CBRE Group. The commercial real estate services firm has been tracking this since 2018, but estimates it may be the first time such a dynamic has played out this century, and likely longer. LEARN MORE…

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