Real Estate exclusive details Office space is now being razed or converted faster than it’s being built — for the first time in 25 years By Emily Davis Published June 5, 2025, 2:49 p.m. ET ...

CBRE found that across the largest 58 U.S. markets, 23.3 million square feet of space is slated for demolition or conversion to other uses by the end of this year. In comparison, developers are ...

But it couldn't happen without it. Office Space tells the story of Peter Gibbons (Ron Livingston), a miserable software engineer at Initech, where he ensures that software is Y2K-compliant.