In New York, for the first time in decades, only two new skyscrapers will be inaugurated by the end of 2025. Reuben Teo Jia Chyau/ReubenTeo – stock.adobe.com
DECRYPTION – Employees’ refusal to return to the traditional way of working prior to the Covid pandemic persists. For the US office real estate market, the prospects for recovery are not good.
The office real estate crisis in the United States is unprecedented. Although the country did not experience a recession in 2023, as many feared, the occupancy rate of office buildings still fell to the lowest in at least forty years. Nearly 20% of premises on average are empty at the start of 2024.
The prospects for recovery are not good. One of the main causes of the disaster does not seem to be disappearing any time soon: it is the persistent refusal of employees to return to the traditional way of working prior to the Covid pandemic. Millions of Americans have become accustomed to meeting their colleagues, their cubicle and their coffee machine only three to four days a week at best, and often less. Their employers may increase incentives to return, or even sanctions, but many campuses and corporate buildings are deserted on Mondays and Fridays.
The company Placer.ai produces edifying statistics on…
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2024-01-22 17:29:14
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