Workers are slowly returning to the office as the pandemic wanes, but office buildings remain relatively empty, reported Yardi CommercialEdge, Santa Barbara, Calif.
Tag: Office Sector
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.
Hybrid Work Arrangements Unlikely to Stress Office Sector
Moody’s Analytics REIS, New York, said the office sector is unlikely to see a massive decline in demand for space and values per square foot due to increased hybrid work-from-home arrangements.
Fitch: Return-to-Office Delays No Imminent Risk to Office REITs
Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.
Fewer Firms Plan to 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.