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Tags: BUSINESS

Can The Office Market Rebound?

Since early April, hundreds of office and apartment mortgage payers have skipped out on payments equating $7.1 billion.

Now, the future of the office and multifamily markets depends on the recovery of the economy, which seems far-fetched at this point. This week, the Congressional Budget Office said that unemployment is expected to hit 15% in the second quarter. 

Even once restrictions ease up, office operators are unsure if office occupancy will rebound to where it was. Amol Sarva, CEO of flexible office firm Knotel, predicted that occupancy would float around 60% during a recent webinar.

With millions of U.S. workers working from home, employers may keep it that way for at least a part of the time moving forward.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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