based on data from JLL-and the wider implications of office towers standing empty. The above graphic shows nearly 1 billion square feet of empty office space in the U.S. Faced with low occupancy rates, it joined other office giants Blackstone and WeWork defaulting on office debt this year. The loan, covering 12 office buildings, was mainly concentrated in the Washington, D.C. In April, one of America’s largest office owners, Brookfield, defaulted on a $161 million loan.
1 Billion Square Feet of Empty Office Space
