Reports are varying about how much demand there is for office space. So, depending on which report proves accurate, office space demand could recover sooner rather than later.
A recent indicator was a bit sobering: In-person tour volume dipping in July, according to the VTS Office Demand Index.
Cushman & Wakefield, by contrast, has noted that the office sector is seeing many green shoots favorable to future demand. The key question is, when will these positive signs materialize into tangible leases. The short answer is no and yes.
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