The office market won’t reach pre-Covid levels until 2025, a brokerage report has found. The analysis by Cushman and Wakefield predicts that office vacancies across the world will continue upward, reaching 15.6 percent in 2022, Bloomberg reported. About 95.8 million square feet of space will become vacant in the next two years. Before the coronavirus, the world’s average office vacancy rate was 10.9 percent, according to the report. After employees spent months working remotely, adjusting
source https://therealdeal.com/2020/09/24/report-office-market-wont-return-to-glory-until-2025/
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