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2024 Year-End Office Market Report: A CompStak Biannual Report
Download the 2024 Year-End Office Market Report
Five Years Post-COVID: Where Does the Office Market Stand?
The office market has undergone a dramatic transformation since 2020. Now, five years later, are we finally seeing signs of stabilization—or is more disruption ahead?
CompStak’s 2024 Year-End Office Market Report analyzes the latest leasing, rent, and tenant trends across major U.S. gateway markets. Backed by real-time data, this report uncovers key shifts shaping the future of office real estate.
Download the report to explore:
- NYC’s CBD Leads Recovery – Unlike most markets, NYC’s urban core saw strong rent growth in Class A and B/C space at year-end 2024.
- Prime Class A Rents Near Peak – High-end office rents continued to rise, with demand outpacing supply.
- TAMI’s Comeback – The sector reached its highest leasing share since 2021, with AI expansion fueling future demand.
- Legal Sector Driving NYC Demand – Major firms like Ropes & Gray and Willkie Farr & Gallagher secured top leases.
- Tenant improvement (TI) at all-time highs – Landlords are investing more in renewals as well as new deals to secure long-term commitments.