A year into the pandemic, it's easy to look back and remember offices being these bustling hubs that were fully utilized before COVID-19 struck.
But that's not the case, according to a new report from VergeSense, which measures more than 40 million square feet of real estate globally.
VergeSense found that offices were only 30% utilized pre-pandemic. In Jan 2021, the average utilization was at 7.9%.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
