The U.S. national office vacancy rate fell to 17.7% in June 2026, down 170 basis points year-over-year, while the average asking listing rate slipped 2.4% to $33.67 per square foot. Office sales topped $30 billion across roughly 1,296 transactions in the first half of 2026, at an average $195 per square foot.
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US office vacancy falls to 17.7% in June 2026 as leasing recovers
Why this matters for founders
Vacancy is still historically high, so tenants keep leverage—founders needing space can push for concessions, shorter terms, or below-market sublets before rents firm up.
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