Fewer Firms Plan to Significantly Shrink Office Portfolios

U.S. companies have scaled back their plans to make big cuts to their office portfolios and many now expect their offices to support “collaborative” work in person rather than remotely, said CBRE, Dallas.

Sublease Space Weighing Office Market Down

Office vacancy rates have risen significantly since the pandemic hit. Yardi Matrix, Santa Barbara, Calif., reported one big reason for the spike: nearly every market has seen sublease space available jump.

Reimagining Office While Working From Home

How companies and their workforces will use office going forward is an increasingly popular subject in 2020. There are questions around existing buildings and how landlord business plans and those of their lenders will perform.

Office Concessions Grow Under COVID

Office landlords are providing more concessions to their tenants under COVID-19, reported Trepp and CompStak.

Fitch: Secular Shifts Force U.S. Commercial Real Estate to Adapt

Fitch Ratings, New York/London, said post-pandemic, many U.S. commercial real estate segments will be transformed by the way space is used, which will have long-term consequences for property performance and financeability.

Office Vacancy Rate Could Reach 20% in 2022

­­The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote wor­­­­­­­king, it could be particularly hard hit in the coming years, said Moody’s Analytics, New York.