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What Do Workers Really Want For A Return To The Office?

May 27, 2022 | Posted by Jeff Weil | Califorina Business, Commercial Real Estate, millenials, National Economu, Newsletter, Office Space, Pandemic, Real Estate Landlords, Sublease, The Office Market, Tips for Tenants, Trends |

Bisnow reported on May 25, 2022 “the demand for office space across the country fell 1.5% in April compared to March….Almost half of office visits in 2022 to date were just once a week, Bloomberg reported, citing workplace occupancy data company Basking.io, which aggregates WiFi data from 100 offices of seven organizations across a variety of industries. Slumps in demand and actual office usage come as a record number of standard leases are expected to expire this year. A record amount of sublease space – 208.6M SF – was on the market in the first quarter of the year, according to Colliers.” In another Bisnow article on May 26, 2022, there were a number of references to what office landlords were doing to entice tenants to come back to the office. One landlord added a new gym park, wellness center, a café work lounge and new conference rooms. Another added a basketball court, a rock climbing wall and a town hall space. As one major office landlord commented, “We are really working to create a cool environment. It’s a real struggle to get people to come back.”  I think many want to roll out of bed, work from home, take a break and walk the dog, work some more from home, take another break and go out for a jog, and save the commute time and hassle to have a much better work-life balance…what do you think?

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Jeffrey Weil, CCIM, MCR.h, SIOR

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Phone: +1 925 279 5590
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  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
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Contact Information

  • 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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