Newmark Group

U.S. office market vacancy remained relatively stable in 2Q25 at 20.4%—up just 20 basis points year-over-year.

While net absorption was negative, Newmark’s Keith Reichert points to improving leasing activity and positive demand signals as evidence of a momentum shift compared to 2Q20-3Q24.

Download Newmark’s 2Q25 U.S. Office Leasing House View to explore the data. ➡️ https://nmrk.re/4md6ARA