CommercialCafe's national office report published September 17, 2026 put US office vacancy at 17.8% in August (down 90 basis points year over year), with average asking rents at $33.20 per square foot, up 1.7% from a year earlier. Manhattan led with just over 10% vacancy (Class A at 9%); Manhattan, Boston, and Dallas topped the construction pipeline.
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US office vacancy eases to 17.8% as asking rents rise 1.7% year over year
Why this matters for founders
Landlord leverage is still soft in most metros, so founders signing a first office can push for concessions and shorter terms; premium Class A space in top cities is tightening fastest.
Source: CommercialCafe
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