After several years of turbulence, the office market is beginning to regain its footing. Recent 2026 market data shows clear indicators that we’re entering a new chapter—one defined by stabilization, renewed confidence, and strategic opportunity.
Sublease availability has dropped 20% since early 2024, reaching its lowest point in three years. This is a major signal that companies are recommitting to long‑term space needs rather than downsizing or delaying decisions.
Vacancy is still increasing but at a noticeably slower rate, with forecasts pointing to a peak within the next few quarters. That means the worst may be behind us.
The average office lease size has actually grown by 14% over the past two years as companies reestablish workplace plans and commit to higher‑quality office environments.
With construction pipelines at less than one‑third of historical norms, new supply is limited—intensifying demand for well‑located, Class A buildings as companies prioritize quality and long‑term efficiency.
Now may be the ideal time to secure quality office space before demand pushes competition—and rates—higher.
Improving confidence, reduced sublease pressure, and tightening premium inventory suggest the office market is entering a healthier and more sustainable cycle.
At BEI Commercial Real Estate, we’re seeing the same trend play out locally: more inquiries, more lease commitments, and more businesses planning for growth—not retreat.
The market isn’t “booming” yet, but it is stabilizing—and for strategic tenants and owners, moments like this offer opportunity.
Are we entering the next office comeback?
Reach out if you’d like customized insights on leasing, investing, or repositioning office assets in 2026.
Let’s navigate this next chapter together.
