As the pandemic eased, US core business centers saw a 20% to 40% reduction in office space use, leading to significant devaluation of properties.
Nine in ten companies will enact return-to-office mandates by 2025, but only 25% of companies seek five days in the office; hybrid models prevail.
Despite a slow return to office, many organizations are operating under hybrid models, with occupancy rates climbing but never fully returning to pre-pandemic levels.
The current office occupancy rates have risen steadily, but Kastle Systems notes it remains below the full 100% occupancy typical before the pandemic.
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