Link:https://www.financialresearch.gov/annual-reports/2021-annual-report/
Full report link: https://www.financialresearch.gov/annual-reports/files/OFR-Annual-Report-2021.pdf
Graphic:
Excerpt:
Office vacancy rates have
risen modestly to 18.3%
(see Figure 8). However,
actual office usage has
declined much more as the
work-from-home response
to the pandemic became
widespread. This decline
has had limited financial
impact to date because
office rentals are usually
held in multiyear leases
with credit-worthy tenants
(see Figure 9). However,
there is considerable uncertainty about whether and
how demand for office
space will change over the
long run.
Author(s): Office of Financial Research
Publication Date: 17 Nov 2021
Publication Site: Office of Financial Research, Treasury Department
