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Feature Article: Office Building Owners Drown in the Ride of Sublease Space
In a previous article I had submitted, there was a national statistic that approximately 67% of the existing workforce were choosing to stay home and work remotely…
That is apparently continuing, which is an unsurprising reality and certainly a long-term residual impact of the covid epidemic. One company (as mentioned in the attached article) almost doubled the number of its employees yet needs far less office space than they currently lease. Working remotely is apparently quite popular and will have a lasting impact on office leasing / investment as employers continue to recognize their employees can perform their responsibilities from home.
Larry Dietz, CCIM
Associate Broker
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