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The Westchester office market going into 2024: We cannot buck the trends

January 22, 2024

Moody’s Analytics on Jan. 8 reported that the office vacancy rate in the U. S. is at an all-time high of 19.6%, shattering the 2022 record of 19.3%. Part of the reason is overbuilding in the 1980s that was fueled by cheap bank debt, which still weighs on the national markets some 40 years later.

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