A great divergence has become noticeable in return-to-office habits, as half of American workers still work remotely compared to their counterparts in Asia and Europe who have largely returned to the office. Offices in the United States are still at about half capacity three years after the onset of the pandemic, with occupancy rates at 40–60…
Americans Work Remotely as Employees in Europe and Asia Return to the Office
March 1, 2023
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Big-City Offices Remain Mostly Empty Amid Remote Work
December 1, 2022
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Business & MarketsDavid SolomoneconomyElon MuskGoldman SachsJLLKastle Systemsoffice spacereal estateTwitterUSUS Real Estate
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Offices in America’s biggest cities are still less than half occupied, reflecting the impact of remote work despite an ongoing campaign by many employers to summon workers back to their desks. According to a weekly update by access control company Kastle Systems, offices across 10 cities were just 37.8 percent occupied on average as of…
Empty NYC Offices Somewhat Filling Up
Manhattan offices emptied through the COVID-19 pandemic are coming back to life though they still have ways to go before getting to their pre-pandemic bustle. More than 2.4 million square feet of Manhattan office space was leased in August, the most since January 2020. Asking rent price, at nearly $73 per square foot was about…
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