
Even with the national U.S. office vacancy rate reaching another all-time high in the second quarter of 2025 (20.7%, according to Moody’s), there are reasons for hope in select Southern California markets. In Voit’s recently released Q2 market reports, office specialist Chris Drzyzga, SIOR, SVP/Partner in the Irvine office, reports that “placemaking and experience-driven environments … Continued