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Fortune
Fortune
Chris Morris

Office buildings haven’t been this empty since (at least) 1979—and Texas is taking it on the chin the most

Two people in the lobby of an office building (Credit: Getty Images)

It’s not just your imagination. Offices are a lot emptier these days.

Moody’s Analytics, as reported by the Wall Street Journal, says 19.6% of the office space across the United States is now empty—the highest level since 1979, when Moody’s began tracking the statistic. The number is up from 18.8% a year ago.

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