NEW YORK–(BUSINESS WIRE)– #cre–Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today released Global Office Supply: The Development Drought, finding that North American market rents averaged $77.03 per square foot (psf) in 2026, about 6% below the economic rent, which is the minimum rent a new office development needs to earn to be profitable. The report projects that average market rents will not catch up until the early 2030s. Globally, the under-construction offi