"Office vacancy" refers to the situation when an office space or building is not currently being used or occupied by any tenants or businesses. It signifies that there are available office spaces that are vacant and not in use. Full definition
The national office vacancy rate declined by 10 basis points during the first quarter to 17 percent, marking exactly the same pace as the decline recorded in the prior quarter. (nreionline.com)
National office vacancy rates are forecast to slightly decrease 0.1 percent over the coming year as improved hiring increases the demand for office space. (nar.realtor)
Since 1993, when the national downtown and suburban office vacancy rates were bubbling under the 20 % mark, vacancy rates steadily decreased. (nreionline.com)