The NAIOP Research Foundation today released its newest office market forecast, revealing that national demand for office space surged in the third quarter of 2025 — a sharp reversal from earlier in the year that may signal the beginning of a broader market recovery. The report, “ Office Space Demand Forecast, Fourth Quarter 2025 ,” analyzes current market dynamics, economic conditions and trends shaping office utilization across the U.S.

According to the study, nationwide net absorption grew by 19.8 million square feet in the third quarter, a notable increase from the 14.9 million square feet of negative absorption recorded in the previous quarter. This marks the strongest quarter for office space demand growth since 2022. Still, demand remains nearly flat year-over-year, increasing by

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