Newmark：2025年第二季度凤凰办公楼市场报告（英文版）

After turning positive for the first time in nine quarters, net absorption has turned negative again, contracting by 10,249 SF, signaling renewed challenges in the market. Recent job losses and the implementation of new tariffs have introduced uncertainty that clouds the market’s outlook. Total vacancy was 25.3%, up 10 basis points from the previous quarter. Hybrid work continues, based on the interplay of office-using employment with office occupancy. Before the pandemic, office occupancy incre