Real Estate Market Bifurcates Between Commercial Distress and Residential Scarcity

US real estate markets are experiencing unprecedented bifurcation. Office vacancy rates in major US cities remained above 20% in Q4 2025, while residential... read more

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About this story

"Office is not in a downturn — it's in a permanent reset. The buildings that survive will be fundamentally different from those that don't." — CBRE Americas Research Director, November 2025"

US real estate markets are experiencing unprecedented bifurcation. Office vacancy rates in major US cities remained above 20% in Q4 2025, while residential...

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Full Story

US real estate markets are experiencing unprecedented bifurcation. Office vacancy rates in major US cities remained above 20% in Q4 2025, while residential housing inventory hit record lows as mortgage lock-in effects kept potential sellers on the sidelines. CBRE's November 2025 report described the commercial real estate sector as undergoing a "structural reclassification" rather than a cyclical correction.

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