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RE: Office Occupancy Still Slow To Recover

in LeoFinance4 years ago

I most sincerely doubt it will ever come back to anything like it was before. The entire nature of work has changed and is continuing to change.

Our daughter is a EA for a real estate investment company; although they are back to "normal" (more or less), she now works two days a week in the office and three days from home... and that's going to be her schedule for the foreseeable future. Even though the company is actually expanding, they are reducing the office space they lease.

=^..^=

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The same thing happened to me. The company got bigger than ever during the pandemic and they still decided to reduce office space and get everyone to work from home.

We even have a couple of people who are working overseas!

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That is going to be a step taken at some point. We will see the use of people overseas coming into play more.

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Even though the company is actually expanding, they are reducing the office space they lease.

Yep.

This does not bode well for all that debt that is out there backing these major real estate properties.

We saw it in retail and now in office space.

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