The Office Paradox: Soaring Demand, Stalled Construction
“According to Newmark Group’s, 30.9 million square feet of office space was underway nationally in the first quarter of 2025, down materially from the 123.6 million square feet under construction in Q4 2019. And only 2.8 million square feet in construction starts was recorded by Commercial Edge in the first four months of 2025.”