Family Office Briefing on research byLee & Associates·Oct 21, 2025
2025 Q3 North America Market Report
North America industrial and office markets show mixed signals in Q3 2025 — family offices should consider co-GP opportunities with disciplined operators.
2025
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 14.1% |
| Net Absorption (U.S. Office) | 12million SF |
| Net Absorption (U.S. Multifamily) | 137,735units |
| Overall U.S. Vacancy | 8.2% |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Lee & Associates
Building a thesis around this market? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent real estate strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.