Are the offices half-full or half-empty?
Why it matters:
Some executives might see crossing the 50% milestone as a sign of a comeback. But the figure has largely plateaued since September, hinting at a new reality where people work from home a lot more."[T]he genie is out of the bottle," Scott Rechler, CEO of property developer RXR, told theThe commercial real estate market is adjusting to this new reality of not only empty offices but higher interest rates — forcing developers to make some choices.
In New York City, the FT notes, some office buildings — the fancy, ultra-modern ones — will make it through this change. "Dated buildings in humdrum locations will spiral into obsolescence," the FT writes.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
U.S. Return-to-Office Rate Rises Above 50% for First Time Since Pandemic BeganWorkers in the U.S. are spending more time in the office again, with occupancy rates surpassing 50% for the first time since the start of the Covid-19 pandemic
Leer más »
Bacterially tainted eyedrops infect 50 in 11 states, causing 1 deathThe Centers for Disease Control and Prevention is urging Americans to stop using EzriCare Artificial Tears after the product was linked to an outbreak of antibiotic-resistant Pseudomonas aeruginosa.
Leer más »
Counting down the 50 most memorable Mckale Center momentsFeb. 1, 2023 marks the 50-year anniversary of McKale Center officially opening its doors on the University of Arizona campus.
Leer más »
CDC warns against eye drops linked to 1 death, 50 infections in 11 statesThe CDC has recently urged several doctors and patients to stop using this preservative-free artificial tear product.
Leer más »
Bacterially tainted eye drops infect 50 in 11 states, causing 1 deathThe Centers for Disease Control and Prevention is urging Americans to stop using EzriCare Artificial Tears after the product was linked to an outbreak of antibiotic-resistant Pseudomonas aeruginosa.
Leer más »