The share of office space currently available for lease in a market.

  • The share of office space currently available for lease in a market.
  • Includes both directly available space (landlord vacant) and sublease space.

Vacancy rate

Market metric · Global

Short definition

The share of office space currently available for lease in a market.

Full definition

Includes both directly available space (landlord vacant) and sublease">sublease space. The headline vacancy rate masks important distinctions: trophy vacancy is currently structurally tighter than broader Class A vacancy in most markets.

Why this matters for Class A leasing

Vacancy rate is part of the market metric vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

See also