This week's report is from Kastle Systems and reporting on how many employees were in the office last week. On a 10-city average, only 51% of employees were back in the office. - #realestate #CommercialRealEstate #officespace #vacancy
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Results oriented fixed income investment professional with a broad background in high grade and high yield assets in Emerging Markets, US Credit and structured products.
Plenty of capital waiting to absorb all the underwater commercial real estate, waiting for mark to market write downs to buy at the right price so I doubt any serious systemic problem overall but a serious problem nonetheless, Significant losses on a ‘AAA’ rated tranche of a NY CMBS deal reported this past week was the latest casualty. As you can see from the re-post below, only 51% return to work from the pre-pandemic average and separately I read of a 20% national vacancy rate. The increase in cap rates from rising interest rates have also not been helpful. That should be a signal to bank regulators of a permanent impairment for some of the held to maturity and held for sale commercial real estate loans held by banks. After more than 2 years post pandemic and return to work of only 51% that’s called a structural change in culture. Waiting for the other shoe to drop.
This week's report is from Kastle Systems and reporting on how many employees were in the office last week. On a 10-city average, only 51% of employees were back in the office. - #realestate #CommercialRealEstate #officespace #vacancy
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Avison Young Commercial Real Estate {Leasing, Landlord Representation, Tenant Representation, Property Management, 6 x All-American Triathlete/Duathlete}
Taking a look at the broad US office market, this report from Avison Young shows that occupiers/companies are still grappling with their long-term occupancy strategies as return-to-office efforts gradually approach equilibrium. There is some fascinating information. #Office #CRE #AvisonYoung https://lnkd.in/eU-CACiz
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Our Office Worker Survey says: 75% of young professionals value office life for its social interactions and learning opportunities. Follow the link to discover more and to access a copy of the report. #PropertyManagement #PropertyAssetManagement #Offices #ReturnToWork #WFH https://bit.ly/40LQSTw
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⏲️ Younger workers are spending the most time in the office, so how is a new generation affecting the role of the office? 🏢 Our new report, 'Strategic moves: Why the office is a business-critical decision', explores the needs of employers and the decision-makers on office leases, and how landlords should be responding. 📊 Discover more findings from our research 👉 https://gowlg.co/40qgOEb #StrategicMoves #OfficeTrends #OfficeLease #FutureofWork #RealEstate
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Plants & productivity go hand-in-hand! Studies show increased focus & well-being in offices with plants. #officeproductivity #wellbeingatwork https://lnkd.in/gcTatQXG
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While return-to-work policies vary widely around the world, most occupiers believe that office utilization has reached steady state. Find out what else real estate leaders expect about office attendance: https://cbre.co/3rzGu4c #CBRE
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🏢 Struggling with low office attendance? 📉 Discover why tougher return-to-office policies aren't the remedy in this insightful article by Peter Grant. 🤔 Is the future of work evolving faster than expected? Read more to find out. #ReturnToOffice #OfficeSpace #RemoteWork #COVID19 #Economy #WorkplaceTrends #BusinessNews #LinkedInArticle https://lnkd.in/gpv6DyS9
Tougher Return-to-Office Policies Are No Remedy for Half-Empty Buildings
wsj.com
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Post Office Scheme: Superhit scheme of Post Office, interest will be more than Rs 30000, know the scheme #Howtoopenpostofficeaccount #interest #MahilaSammanPatra #office #Post #postofficeallscheme #postofficesavingsscheme #postofficeschemeupdate #Postofficeschemes #scheme #Superhit
Post Office Scheme: Superhit scheme of Post Office, interest will be more than Rs 30000, know the scheme - News8Plus-Realtime Updates On Breaking News & Headlines
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➡️RTO has an unfortunate DEI component where less wealthy/less compensated employees tend to live farther away from corporate offices, and with RTO, tend to spend more on their daily commute both in Time and Money. ➡️We need to take this aspect into consideration in RTO planning and communications…
Offices = a lower quality of life for workers
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First, the good news for office landlords: A post-Labor Day bump nudged return-to-office rates in mid-September to their highest level since the onset of the pandemic. Now the bad: Office attendance in big cities is still barely half of what it was in 2019, and company get-tough measures are proving largely ineffective at boosting that rate much higher. https://lnkd.in/gub9WAS9
Tougher Return-to-Office Policies Are No Remedy for Half-Empty Buildings
wsj.com
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