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Office Report

NAOIP: Office Space Demand Forecast, Fourth Quarter 2025

by By: Hany Guirguis, Ph.D., Manhattan University and Joshua Harris, Ph.D., CRE, CAIA, Fordham University, NAOIP on December 22, 2025

Office Market at Pivotal ‘Normalization’ Point as Macroeconomic Factors Weigh on Economy Nationwide demand for office space experienced a large shift in momentum in the third quarter, with demand growing by 19.8 million square feet compared with negative net absorption of 14.9 million square feet in the second quarter. Although the most recent quarter was…

Topics: Featured, Office Buildings
NAOIP, Office Report

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