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.
Tag: Office Sector
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.
Large Office Markets Show Stability Despite COVID Uncertainty
CBRE, Dallas, reported large U.S. office markets showed stability in November despite continued uncertainty about COVID.
U.S. Office Transactions Overtake 2020 Volume; Vacancies Stable
Office sales completed through November exceeded $68 billion, surpassing last year’s total volume by 11 percent, reported Yardi CommercialEdge, Santa Barbara, Calif.
JLL: Value-Add Office Back in Favor
Many office investors focused on core office properties during the pandemic, but value-add liquidity is quickly recovering as clarity surrounding rent growth and the future of office demand improve, said JLL, Chicago.
August Office Space Offered For Sublease Declines
CBRE, Dallas, said office space offered for sublease registered its first monthly decline in August since the pandemic started.