Cities with a higher number of remote-friendly jobs? Their office markets aren t recovering as quickly rejournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rejournals.com Daily Mail and Mail on Sunday newspapers.
According to the VTS Office Demand Index (VODI), while the momentum in demand growth for office space slowed slightly in the past month, April marked the fourth consecutive month when demand for office space nationally continued to recover, getting closer to the pre-pandemic benchmark. The VODI tracks tenant tours, both in-person and virtual, of.
Battered U.S. office market perks up with workers trickling back
BLOOMBERG
Michael Nagle/Bloomberg
Pedestrians pass in front of Goldman Sachs Group Inc. headquarters in New York on March 5.
After a number of false starts over the past year, corporate America is finally bringing workers back to the office.
The widening availability of vaccines means that employers are setting plans for returns. Exxon Mobil Corp. said on Tuesday, April 27, that its Houston-area workers would be back full-time in May. JPMorgan Chase & Co., meanwhile, is opening its U.S. offices next month, with its full staff expected back in July on a rotating basis.
“Any which way that we look at the numbers, there is tremendous momentum coming back into the office market,” says Ryan Masiello, cofounder and chief strategy officer of VTS, a real estate software firm.
. After a number of false starts over the past year, corporate America is finally bringing workers back to the office. The widening availability of vaccines means that employers are setting plans for returns. Exxon Mobil said on Tuesday that its Houston-area workers would be back full time in May. JPMorgan Chase, meanwhile, is opening its U.S. offices next month, with its full staff expected back in July on a rotating basis. Already, offices are slowly starting to fill up across the country as social distancing-rules ease and vaccines accelerate, bringing optimism that more Americans will soon be able to resume their pre-pandemic daily life. About 26% of office workers in major cities were back at their desks as of April 21, the highest share in about five months, data from security company Kastle Systems show.