Latest Breaking News On - Sw companies - Page 19 : comparemela.com

Neither rents nor cap rates have fallen by much for office buildings in major gateway markets. While the timeline for a post-pandemic recovery in the office sector remains unclear, many companies do plan to fully return to the office. However, many tenants also plan to redesign their office spaces, either downsizing or enlarging them to fit their future needs. Some firms are expected to increase the amount of office space they hold post-pandemic, according to Nancy Muscatello, managing consultant at data firm CoStar Advisory Services, who adds that the biggest disruption in space utilization will likely occur in crowded urban gateway markets, where the most office space will be needed per capita. Counterbalancing this trend, these markets are also the most likely to see the greatest rates of remote working in the future due to congestion and a higher share of well-educated workers, who have more bargaining power with employers about work flexibility, Muscatello notes.

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