**Office Space Demand Continues Upward Trend Into 2025**
Despite ongoing economic uncertainties, office space demand remains on a steady upward trajectory, marking the fourth consecutive quarter of positive net absorption, according to the NAIOP Research Foundation’s Office Space Demand Forecast.
The report highlights that U.S. office markets absorbed 5.6 million square feet in the first quarter of 2025. This follows the 7.3 million square feet absorbed during the fourth quarter of 2024. As companies settle into new workplace models, the primary driver of future office demand will be growth in office-based employment.
“These consecutive quarters of positive absorption are a promising sign that the office market is finding its footing,” said Marc Selvitelli, president and CEO of NAIOP. “While uncertainty remains in the broader economy, this trend reflects growing stability and adaptability among office users as employers and employees alike are recalibrating how they use office space.”
Originally published by Connect CRE.
