News Formal

Office sector will continue 'to languish' in 2023, market watchers predict - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

The U.S. office market still hasn't recovered since the pandemic forced office employees into remote work, a trend that remains strong even as a growing number of companies become more aggressive about getting employees back to the office.

Preliminary data from U.S. markets tracked by Savills PLC indicates about 46 million square feet of office leasing activity occurred in Q4 2022, or about 20% below leasing activity observed in Q4 2019, before the Covid-19 pandemic, saidThat's also below office leasing activity observed a year prior, when 60 million square feet of office leasing activity took place in Q4 2021 across markets tracked by Savills.

And while a more pessimistic economy could mean employers will wrest some control away from employees that've had leverage amid a historically tight labor market, it's going to be hard to put the genie back in the bottle when it comes to remote work, Soto said., principal consultant at CoStar Group Inc.'s advisory services business, said she's expecting 2023 to be slow overall on the office leasing front, and vacancy rates will continue to rise across the U.S.

The remote work trend has continued to be sticky since the pandemic, even as concerns about the virus' spread waned, especially, in 2022.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 254. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

The ERC application window will start to close in 2023 - Phoenix Business JournalThe Employee Retention Credit could mean thousands of dollars for small businesses, but 2023 will be an important year for those looking to maximize the tax credit. Here's why.
Fuente: phxbizjournal - 🏆 254. / 63 Leer más »

The ERC application window will start to close in 2023 - San Francisco Business TimesThe Employee Retention Credit could mean thousands of dollars for small businesses, but 2023 will be an important year for those looking to maximize the tax credit. Here's why.
Fuente: SFBusinessTimes - 🏆 78. / 68 Leer más »

The ERC application window will start to close in 2023 - Jacksonville Business JournalThe Employee Retention Credit could mean thousands of dollars for small businesses, but 2023 will be an important year for those looking to maximize the tax credit. Here's why.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »

The ERC application window will start to close in 2023 - Dallas Business JournalThe Employee Retention Credit could mean thousands of dollars for small businesses, but 2023 will be an important year for those looking to maximize the tax credit. Here's why.
Fuente: DallasBizNews - 🏆 525. / 51 Leer más »