Office Occupiers Continue to Review Their Space Needs

Colliers reported Q3 vacancy rates rose 30 bps; and 50 bps year-over-year. U.S. office vacancy rose at an increased pace in Q3 2022 and asking rents are mostly holding firm, but generous concessions remain on offer. Meanwhile, sublease space is at record levels,...

In the Office, ‘We’ Space Taking Over ‘Me’ Space

CBRE’s office utilization survey finds increase in collaborative space design. Employees’ workstyles have changed more in the past two years than in the previous 20, according to a new report about office space utilization by CBRE. Momentum was found with...

Office-demand indices continue to tumble at close of summer

Office demand continued to decline in August, the latest sign hybrid work and a more pessimistic economic outlook continue to weigh on the U.S. office market recovery. VTS lnc.’s monthly tracker of office space demand, the VTS Office Demand Index, found demand...

Types of leases: An Overview

We all know what leases are–legal contracts by which the landlord conveys a property (real estate or equipment) to the tenant for a predetermined time frame. The tenant makes periodic payments to the landlord in exchange of right to use the property for the specified...

Big companies want their employees back in the office

We explain how workers are responding. The pandemic upended American offices like nothing in memory. But now many big companies are again starting to require employees to work in person. To understand how that’s going, I called my colleague Emma Goldberg, who covers...