CommercialEdge, Santa Barbara, Calif., reported tech companies have been laying off workers and downsizing their office footprints to cut costs, which could make the office sector’s recovery even harder.
Tag: Office Sector
Office Sector’s Future Up for Debate
Colliers International, Toronto, said the U.S. office market is stabilizing following two-plus years of pandemic-driven correction, but noted “considerable debate and speculation” about its future.
The Office Sector Paradox
Office-using employment increased this year, but office absorption remains negative, reported Cushman & Wakefield, Chicago.
Bright Spots Amid Offices Sectors Struggles
Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.
CBRE: Office Lease Rates Highlight Flight-to-Quality Trend
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.
Office Sector Future Still Murky
CommercialEdge, Santa Barbara, Calif., said the office sector’s future remains murky, even more than two years after the COVID-19 pandemic started.
Colliers: Office Market Recovery Pauses
Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.
Colliers: Office Market Recovery Pauses
Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.
The Office of the Future, Revisited: 3 New Realities Shape Hybrid Workplace
Cushman & Wakefield issued a follow-up to its Office of the Future report last year, identifying three trends shaping workplace strategies. There’s good news and interesting news.
CBRE: Most Companies Anticipate Reshaping Offices for Hybrid Work
CBRE, Dallas, said most office-using companies are developing long-term plans to expand or contract their office space now that employees are returning at least part-time after two years of mostly remote work.