CBRE's Q2 2026 report shows US office vacancy fell 30 basis points to 18.3%, the largest quarterly decline since 2015, while average asking rent rose 2.6% year over year to $37.58 per sq ft, the fastest pace in six years. Net absorption reached 12.6M sq ft, a ninth straight positive quarter, with prime vacancy down to 12.3%.
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US office vacancy drops to 18.3% in Q2 2026 as rents rise fastest in 6 years
Why this matters for founders
The office market is tightening and asking rents are climbing, so founders planning to sign or expand space should lock in terms sooner rather than betting on further tenant-favorable pricing.
Source: CBRE
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