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News

Office Leasing Decisions Still On Pause As Tenant Demand Stagnates, Per New Report

... delay leasing decisions amid the slow return to the office.  The VTS Office Demand Index, which tracks in-person and virtual ... comes as many employees are still working remotely, with daily office usage remaining well below pre-pandemic levels. According to ...

Jun 29, 2022
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Office Occupancy Hits 44%, Its Highest Point Since The Pandemic Began
News

Office Occupancy Hits 44%, Its Highest Point Since The Pandemic Began

... efforts to get workers back in the office. Average office occupancy in 10 major U.S. ... weekend.  Metro Austin leads the country in office occupancy at 61.3% and remains the ... less likely to have returned to the office in cities that had longer average commutes, ...

Jun 15, 2022
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Office Depot located at 6600 North Military Trail in Boca Raton, Fla.
News

Office Depot's Headquarters To Be Sold By Parent Company

... . The ODP Corp., the parent company of Office Depot and OfficeMax, has agreed to sell its ... Group are the buyers of the 650K SF office campus that sits on 28.9 acres ... the pandemic took a bite out of the office supply business. It closed 71 retail locations ...

Aug 25, 2022
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coworking, collaboration, Millennials, coworkers, employees, open office
News

Office Timesharing On The Rise As Companies Lock In Hybrid Schedules

... hospitality industry. Some 35% of Codi’s customers lease an office for fewer than five days a week, CEO Christelle Rohaut ... Builder plan on requiring employees to report back to an office at least part of the week in 2023. Many companies ...

Oct 24, 2022
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Downtown Toronto tower office
News

Office Demand Down Slightly As Many Head Into Work Just Once A Week

... Index tracks in-person and digital new tenant tours of office space.  That decline, though slight, is contrary to the “seasonal ... not planning for their employees to come back into the office full time,” VTS Chief Strategy Officer Ryan Masiello said. Two ...

May 25, 2022
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Office-To-Life Sciences Conversions On The Rise Despite Hurdles
News

Office-To-Life Sciences Conversions On The Rise Despite Hurdles

... Bay Area is often the entitlement process, and converting from office to life sciences eliminates this.  The cost and logistical ... and secured $124M in financing in order to redevelop an office building into a suitable life sciences space. Doering said  ...

May 16, 2022
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office workers
News

Office Occupancy Hits Pandemic High-Water Mark

... nationwide Kastle barometer figure shows nearly 60% of pre-pandemic office workers still haven't returned to in-person work. Many ... Business Times reports. Another bellwether for the return to the office is federal workers, most of whom are expected to return ...

Apr 06, 2022
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office towers
News

Office Deliveries In 2022 To Exceed Pre-Pandemic Average

... in 2023, according to a new report on U.S. office construction by Cushman & Wakefield.  The total for this year ... demonstrating a strong bias for the highest quality, newly constructed office projects across major U.S. and Canadian markets," Cushman & ...

Feb 24, 2022
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Empty Office
News

Office Usage Slowly But Surely Recovering, While Demand Stays Put

... hasn’t gone above 61% of pre-pandemic demand.  Some office watchers weren’t surprised by the disconnect between occupancy and ... Still, that isn’t necessarily a reason for concern from office owners. “Many companies planning for hybrid work are expecting most ...

Feb 23, 2022
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Office Owners Tapped Out As Historic Drought Spurs Water-Reduction Needs
News

Office Owners Tapped Out As Historic Drought Spurs Water-Reduction Needs

... ll be able to make that money back. As the office market remains challenging, property managers, landlords and developers are ... like San Francisco’s East Bay, where landscaping for large office campuses and complexes is often an attractive selling point, ...

Jun 10, 2022
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