Back to today’s briefing

Story perspectives

US Office Market Revives: First Positive Absorption Since 2021

1/11/2025

29 6

Summary

Story summary

The US office market is on the mend, with Q4 2024 witnessing its first positive net absorption since late 2021, as reported by JLL. Companies are prioritizing in-person work, curbing downsizing efforts. Leasing activity surged to 52.9 million square feet, reflecting a 4.9% quarterly rise and a remarkable 17.6% increase from last year, approaching pre-pandemic figures.

1 of 1

Story summary

The US office market is on the mend, with Q4 2024 witnessing its first positive net absorption since late 2021, as reported by JLL. Companies are prioritizing in-person work, curbing downsizing efforts. Leasing activity surged to 52.9 million square feet, reflecting a 4.9% quarterly rise and a remarkable 17.6% increase from last year, approaching pre-pandemic figures.