There is considerable debate and speculation regarding the future of the U.S. office sector. The return to the office remains slow.
- Absorption continues a negative trend.
- Sublease availability in several submarkets increase.
- Citywide vacancy is the highest it has been in 2022.
Where are the Opportunities? Performance and demand differentials are expected to widen. This should be most evident between space class, but will also be seen between and within markets, and different business sectors. Quality will win out as firms seek the optimal work experience to retain and attract the best talent and bring employees back to the office.
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