Most Landlords Expect Tenant Reduction In Space Usage

According to a recent study by The Instant Group and The Urban Land Institute,  82% of office landlords expect a slight to significant reduction in space utilization over the next five years. Bisnow April 24, 2023 “he survey also found a disconnect between landlords and tenants when it comes to office amenities. Landlords said that a high level of amenities within or surrounding a building will be the No. 1 factor in space utilization over the next five years. Tenants cited offices that provide areas for collaboration as the top priority.”