2024 Was the Year Return to Office Finally Tipped in Real Estate’s Favor

Commercial Observer, Dec. 10, 2024-Larry Getlen
Pick your positive.
Nationwide, more newly available office space was occupied than vacated in the third quarter of 2024 for the first time in two years, according to Colliers (CIGI). In September, Amazon became the most notable company yet to require its employees to work in-office five days a week, a policy that will take effect in 2025. (Could it have been a coincidence that just this month Commercial Observer also reported that Amazon is taking a 340,000-plus-square-foot lease in Midtown Manhattan?) And JLL (JLL) reported that office availability levels nationwide declined last quarter for the first time in five years.
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