According to the analysis released by Moody's today, the office vacancy rate hit a new historical high of 20.1% in the second quarter this year, breaking through the 20% mark for the first time in history. The analysis said, "The slow bleeding of the office industry has led to a steady increase in vacancy rates, as the long-term shift in work behavior is more persistent than the first wave of COVID-19 four years ago." As previously reported by Fortune magazine, the office vacancy rate had already reached 19.8% in the first quarter of this year. Moody's data shows that this is 50 basis points higher than the peak of the economic downturn in 1986 and 1991. (Reference News)