National office vacancies will exceed historic highs within the next few years, says Moody’s Analytics Real Estate Informative Services (REIS). The firm projects vacancies rising to 19.3% in 2020 before surpassing the 1991 record high of 19.7% to reach 19.9% in 2021 and 20.0% in 2022. Office is also projected to incur significant distress in effective rents, which Moody’s expects to fall by 10.4%
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