The office market: a decade in review

A look back at commercial real estate’s biggest sector—the office market. What’s changed in the past 10 years?

January 15, 2020

From the lowest of lows to the highest of highs, the office market has gone from one extreme to another over the past 10 years. There’s been a significant shift in how real estate is viewed and used (hello coworking and flexible space!) by both tenants and landlords—all amplified by surging growth in skilled and service-oriented employment.

Which markets and industries benefitted the most during this extended period of economic expansion and what does this mean for the decade ahead? 

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