Search
  • demitryomrin

OFFICE SPACE OCCUPANY RE-DEFINED

Since the onset of COVID there has been no shortage of speculation on the future of the office market. So far, the consensus is that most office workers want the flexibility of a remote work environment with some time spent in the office. In this vein, a recent article predicts that office space requirements will shrink over the coming years and decades. On the surface this would imply high office vacancy. However, if you factor in the fact that new product coming on-stream will adjust, re-positioning of current office stock will take out excess supply, medium to long term distancing requirements, etc. it certainly places the consideration of vacancy into a different perspective. #recg #officemarket #officeleasing #commercialvaluations #businessenvironment #future #remotework #covid

0 views0 comments

Recent Posts

See All

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o