Madison’s office market was on solid ground heading into the pandemic thanks to few speculative under construction projects, tight vacancies, and an already affordable rental market. Vacancy compression has been strong over the past decade, but the market has experienced vacancy softening over the past two years due to several move-outs and some minor new speculative supply additions. Our quarterly Market Report breaks down Madison's real estate submarkets to provide you the latest transaction, vacancy and rent data, as well as trends and predictions that can save your company time and money when making real estate decisions.