Offices are still sitting empty, but that's about to changeThe national office vacancy rate has reached a record high of 20.4%, but trends indicate it may soon decline.
Work From Home Has Hit Office Real Estate The Hardest In These 5 US Cities - Alexandria Real Estate (NYSE:ARE), BXP (NYSE:BXP)COVID-19 hastened remote work preference, causing commercial real estate crisis.
Silicon Valley commercial vacancy rates pass 20% - San Jose SpotlightSilicon Valley is experiencing a paradox of economic growth alongside increasing commercial vacancy rates due to workers' reluctance to return to in-person offices.
Offices are still sitting empty, but that's about to changeThe national office vacancy rate has reached a record high of 20.4%, but trends indicate it may soon decline.
Work From Home Has Hit Office Real Estate The Hardest In These 5 US Cities - Alexandria Real Estate (NYSE:ARE), BXP (NYSE:BXP)COVID-19 hastened remote work preference, causing commercial real estate crisis.
Silicon Valley commercial vacancy rates pass 20% - San Jose SpotlightSilicon Valley is experiencing a paradox of economic growth alongside increasing commercial vacancy rates due to workers' reluctance to return to in-person offices.
JPMorgan CEO Jamie Dimon Calls For Federal Employees To Return To Office, Says Empty Buildings 'Bother' Him: 'I Can't Believe...' - JPMorgan Chase (NYSE:JPM), Amazon.com (NASDAQ:AMZN)Jamie Dimon advocates for the return of federal employees to in-person work, citing high office vacancy rates in Washington, DC.
Hybrid work patterns, vacancy concerns push office utilization effortsCompanies have successfully adapted to hybrid work postures, with a notable increase in steady office utilization.
Lee's Deli permanently closes all locations after 40 years in downtown SFCOVID-19 impact on local businesses like Lee's Deli resulted in closuresSan Francisco's Financial District faces challenges due to office vacancy rates and changing work patterns.
A San Francisco politician has a plan to flip its 'ghost town' status-and it involves four days a week in the officeMayoral candidate Mark Farrell plans to revive San Francisco's struggling economy by reducing office vacancies within his term.