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.
Tag: Office Sector
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.
‘Murky’ Office Sector Outlook
CommercialEdge, Santa Barbara, Calif., called the office sector’s future “murky,” even now, well over two years since 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.
CBRE: Most Companies Anticipate ‘Reshaping’ Their 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.
Office Pipeline Evolves Post-Pandemic
The shift to remote and hybrid work is shrinking the new office supply pipeline, but many developers believe the right project in the right location still makes sense, reported Yardi Matrix, Santa Barbara, Calif.
Return to Office? Still a Work in Progress
Despite growing sentiment among companies, politicians and even cabin fever-infected workers to return to post-covid operations, reports show returning to the office is still a long way from normal.
Evolving Office Sector Could Drive Flight to Quality
Workers are slowly returning to the office as the pandemic wanes, but office buildings remain relatively empty, reported Yardi CommercialEdge, Santa Barbara, Calif.
Office Sector Sees Uncertainty
Office usage is slowly growing as the pandemic fades, but analysts have many questions about the sector’s future.
Office Expansions Outpace Contractions in Large Markets
Companies stopped standing still last year when it comes to long-term real estate decisions, reported CBRE, Dallas.