CHICAGO–The office sector faces major challenges, but servicers and asset managers can handle them, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
Tag: Office Sector
Downsizing Tech Sector Challenges Office Recovery
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.
Employers Pause Return-to-Office Plans
Employers are pausing their return to office plans in light of the Delta and Omicron COVID variants, said Yardi CommercialEdge, Santa Barbara, Calif.
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.
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.