Office Building Full Recovery By 2026?

On average, wrote Jerry Nickelsburg, an adjunct professor of economics at UCLA who helped run the survey, participants in both Northern and Southern California “expect both rental rates and occupancy rates to weaken in the coming year” and do not expect the sector to make a full recovery by 2026. San Francisco Business Times August 2, 2023  My opinion? I think it may take years until we have a ‘full’ recovery and the office sector may have had a permanent shift initiated by the Pandemic. Companies can still make tons of money with workers staying at home, and yes, there will be mandates and employees forced to return but there will be a significant segment not needing office space, ever…just my opinion based on 46 years of leasing office space…not great for my business!