Sizing Up Office Space Risk

The office space sector is struggling, and there appears to be little relief in sight. Office attendance in major urban areas is still roughly half of what it was pre-pandemic. And vacancy rates in office buildings are reaching critical levels, with the national average now at 13.3%, according to CoStar Risk Analytics in Boston—that’s the highest number they’ve seen since 2000 (other firms have the vacancy rate even higher). A recent Bloomberg survey of nearly 1,000 investors pai…