Cushman & Wakefield says US office market stabilizes as new supply hits record lows

CUSHMAN & WAKEFIELD PLC

CUSHMAN & WAKEFIELD PLC

CWK

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  • Cushman & Wakefield flagged early signs of stabilization in U.S. office market, citing improving demand alongside a sharp contraction in new supply.
  • Q1 net absorption remained negative at -4 million square feet, while four-quarter rolling absorption rose to +5.2 million square feet, highest since early 2020.
  • National vacancy held at 20.2%, up 5 basis points year-over-year, smallest annual increase since pandemic began.
  • Sublease availability fell to 101 million square feet, down 25% from Q1 2024 peak.
  • New completions dropped 40% year-over-year in Q1, pushing four-quarter deliveries to 16.3 million square feet, while space under construction fell to 18.6 million square feet.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cushman & Wakefield Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604201649BIZWIRE_USPR_____20260420_BW248174) on April 20, 2026, and is solely responsible for the information contained therein.

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