Office Space Demand Forecast, Second Quarter 2026

By: Hany Guirguis, Ph.D., Manhattan University and Joshua Harris, Ph.D., CRE, CAIA, Fordham University

The U.S. office market recorded three consecutive quarters of positive net absorption through the first quarter of 2026 – its longest stretch of demand growth since mid-2022. However, leasing activity slowed in early 2026, and the report cautions that slowing economic momentum and heightened uncertainty may temper gains in the coming quarters.

 

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