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The Major Corporations Will Determine When Workers Go Back

Feb 14, 2022 | Posted by Jeff Weil | Califorina Business, California Economics, Commercial Real Estate, National Economu, Newsletter, Office Space, Pandemic, Real Estate Landlords, Technology, The Office Market, Tips for Tenants, Trends, Trends for Office Tenants, U.S. Economics, Working From Home, Workspace |

Wells Fargo just announced that March 14, 2022 is now the magic day when employees can return to the office under a ‘hybrid flexible work model’ and that if they want they can come back earlier, starting this Wednesday. They reminded workers that almost 100,000 workers never left the workplace or have already returned, out of almost 250,000 employees. Meanwhile, in the ten major U.S. cities occupancy was 33% of pre-pandemic levels. Compare this with movie theater attendance at 58%, restaurants at 75% and air travel at 80% of comparable pre-pandemic levels. In San Francisco less than 20% of workers returned to the office. Nationwide office building landlords are trying to come up with ways to ‘rekindle the spark to encourage workers to come back to their desks.’ As CEO Craig Deritetzweig of Marx Realty stated “we want our office space to have those special moments and special places what you can kind of cuddle up and have your cappuccino in the morning.”  Yeah, right…what about working from home in your PJ’s with your own cappuccino machine paid for out of the gas savings from not having to commute…

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Tags: #officespace#realestate#returntooffice#workfromhome#workspace
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  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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