The Office Market Is Shrinking, Are You Still Trying to Build?

Why are we still chasing new office builds when more space is being demolished or converted than delivered?

That’s not just a trend, it’s a signal.

This year, over 23 million square feet of office space is being taken off the market. Not added. Not leased. Removed. Either converted to other uses or demolished entirely. And yet, only 12.7 million square feet of new office space is even expected to show up. That’s not growth. That’s contraction.

So what does that mean for investors?

It means the play isn’t building more, it’s adapting faster. It’s about knowing which assets are worth holding, which ones are begging to be repurposed, and how to spot value in what others are trying to offload. The investors who are going to win aren’t the ones with the biggest budgets. They’re the ones who ask better questions: Why is this happening now? Where is demand shifting? And how can I be the one repositioning while others are still hesitating?

If you’re tired of guessing and ready to act on facts, not noise, I can show you exactly where this trend is headed; and how to position yourself ahead of it.