A CBRE report on the office market has suggested that 2025 might be the beginning of a market turnaround. While that's good news, it doesn't mean a smooth run to success.
The modern office market can't run like the one from even five years ago. Hybrid operations aren't going away. About 80% of organizations have a return-to-office policy but only 17% enforce it, according to CBRE. About 60% of employers want employees in the office at least three days a week but only 51% of employees meet the demand. And 64% of respondents said that their office utilization patterns have reached a steady state.
However, that is far from saying the use of office will utterly collapse. Far from it. There is still a need for companies to have real estate strategies so workers have a place to go when necessary. A place where operations occur. That includes the technology to support occupier CRE strategies.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
