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2 clusters · 4 sources · 15 days · First seen · Last updated

Global commercial office market supply and demand trends

Overview

Global commercial office markets are experiencing significant shifts in supply and demand dynamics. In London and Perth, markets are facing tightening availability. London is seeing a structural squeeze for small and medium-sized enterprises as large corporations compete for boutique spaces, while new completions for 2026 are expected to decrease by approximately 40% year-on-year. In Perth, vacancy rates are forecasted to drop significantly by 2030 due to a lack of new developments.

In the United States, high-end office availability is declining in major markets like Manhattan and San Francisco, alongside an 82% drop in the Americas' office construction pipeline from its 2020 peak. This has led to an increase in flexible office inventory as occupiers seek alternatives. Meanwhile, Manchester has seen a slowdown in office deals, with the city potentially falling short of its annual take-up targets, though out-of-town areas like Salford Quays remain active.

Entities

CBRE · Manhattan · Manchester Office Agents Forum · Cushman & Wakefield · Savills

Timeline

  1. [BUSINESS] 2 sources
    Office markets face supply shortages and fluctuating demand

    U.S. office markets face a shortage of high-quality space due to a collapsing construction pipeline, while Manchester reports a slowdown in office take-up for the third quarter of 2026.

  2. [BUSINESS] 2 sources
    Global office markets face supply shortages in London and Perth

    Office markets in London and Perth are facing tightening vacancy rates as high demand for quality space meets a significant shortage in new supply.

Sources

morganpryce.co.uk · placenorthwest.co.uk · propertymarkets.news · propmodo.com