For office landlords, a bad dream that began in March 2020 seems to be ending — but only if you’re in well-located, high-end properties in major U.S. markets.

Other newer downtown office tower signs include the Michael Best & Friedrich law firm at BMO Tower, 790 N. Water St., and the Husch Blackwell law firm at the Huron Building, 511 N. Broadway.

For office landlords, a bad dream that began in March 2020 seems to finally be nearing an end – but only if you’re in well-located, high-end properties in major U.S. markets.

Indeed, prime office assets ended 2024 with an average vacancy rate of 15.3 percent, compared with 19.2 percent for nonprime office properties nationwide, CBRE reported.