Office leases are becoming a significant and potentially unnecessary commercial expense as hybrid and remote work models gain permanence. National office vacancy rates have been reported at 20.1%. Certain areas have even higher vacancy rates, with one neighborhood reaching 56%.

Many offices are not running at full capacity, with some buildings having tenants but still being half-empty on certain days. The busiest days are typically Tuesday through Thursday.

Further details on office lease expenses and vacancy rates are available, including information on hidden costs and how to address them.