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A CompStak Biannual Report
The Office Recovery Is Running on a Few Engines.
CompStak's 2026 Biannual Office Market Report breaks down leasing, rent, concession, and repricing trends across major U.S. office markets, set against the labor, AI, and construction data shaping demand. See where the recovery is holding, and where it isn't.
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The office market is not one story right now. Class A buildings, AI tenants, and easing concessions are carrying the recovery, while Class B/C space, the rest of the tech sector, and several gateway markets are moving the other way. The full report breaks down exactly where those splits are, and what they mean for leasing and renewals through 2028.
What's Inside
Five Findings Shaping Office Right Now
A Recovery Split by Building Class
More gateway markets are recovering in Class A than a year ago, while Class B/C is heading the opposite direction. The report ranks every market by class and shows who moved up and who fell back.
AI Tenants Are Rewriting TAMI
AI companies are taking a growing share of office leasing just as the rest of the tech sector pulls back. The report tracks where that demand is landing, how long those tenants are committing, and what they are paying.
Triple-Digit Rents, Narrow Footprint
Prime Class A rents have cleared a new milestone, but the gains are concentrated in very few places. The report shows what the Prime premium looks like once the two biggest markets are set aside.
Concessions Are Coming Down
Landlord incentives are easing back toward pre-pandemic levels for both new leases and renewals. The report identifies the markets that haven't followed, and where free rent is still holding firm.
Where Renewals Reprice, Up and Down
More than a quarter of leased office space expires by 2028, and repricing prospects split sharply by market. The report shows which markets carry the most upside at renewal, and which face the opposite.
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Eleven markets. Every building class. The full data behind each finding.
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