Cushman & Wakefield CEO Brett White said the firm expects a "full recovery" of office employment by the middle of this year, two years from the onset of the COVID-19 pandemic.
In remarks on CNBC's Squawk On The Street, White said rents will trough out and begin to improve by the middle of 2022, while vacancies will peak around that same time period before beginning an upswing.
Around 2.2 million of the 2.9 million office jobs lost as the result of the pandemic have been recovered, and Cushman data show that office space tours were up 80% from January to May.
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