Office real estate floor space leased in the U.S. 2016-2024, by quarter

Published by Statista Research Department, Dec 6, 2024

Leasing volumes in the office real estate sector in the U.S. plummeted in 2020 as a result of the COVID-19 pandemic and the shift toward hybrid work. Despite a gradual increase in the floor space leased, in the third quarter of 2024, leasing activity remained below the pre-pandemic levels. 

Floor space leased in the office real estate sector in the United States from 1st quarter 2016 to 3rd quarter 2024 (in million square feet)

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Release date

October 2024

Region

United States

Survey time period

Q1 2016 to Q3 2024

Supplementary notes

Figures rounded.

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Market overview

7

Investment market

7

Occupier market

7

Manhattan

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Boston

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San Francisco

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Inland Empire

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Topics

Office real estate in the U.S.Commercial real estate in the U.S.Industrial and logistics real estate in the U.S.Office real estate in ChinaHybrid work
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