The great American office space slump

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Photo: Robert Stanley

The Weekend Brief offers analysis and insights on one big news item of the week, delivered only to Quartz members.

There’s not necessarily tumbleweeds rolling through U.S. office spaces yet — but things could be headed that way.

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The office vacancy rate is now above 20% nationwide, and the spacious walls could soon start to close in on building owners.

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Many Americans are seeking out jobs where they can work from home, which works directly against the landlords who took out massive loans when interest rates were low.

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For this edition of the Weekend Brief, we’ll look at the future of urban office spaces, how long their freefall will continue, and the potential opportunities that could come from it.

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