2025 Office National Investment Forecast

The office sector appears to have reached an inflection point, as the nationwide vacancy rate fell last year for the first time since 2019. While market conditions remain complex, in-office attendance is expected to rise in 2025, influencing tenant space needs and investment strategies. Marcus & Millichap’s 2025 U.S. Office Investment Forecast explores these shifts to help investors navigate the evolving landscape.

Key insights include:

- National and local office sector trends

- Supply and demand forecasts across 50 major markets

- Analysis of capital markets and investment sales dynamics