• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
Home News

Office Occupancy Levels Could Bounce Back In Five Years

Aayat AlibyAayat Ali
September 28, 2020
in News
Reading Time: 1 min read
A A
DDI
Share on FacebookShare on TwitterShare to Network
Switch Now to OfficeRnD Flex and Keep 2023 Pricing

New analysis from Cushman & Wakefield predicts that office occupancy won’t return to pre-pandemic levels for at least another five years.

According to the study, 215 million square feet of office vacancy has been lost throughout the pandemic and the net negative office square feet damage is expected to reach 95 million square feet by Q3 2021.

FlexJobs logo

Cushman & Wakefield surveyed some of the world’s largest companies and analyzed the cyclical impact of the ongoing pandemic-fueled recession and how the shift to working from home has increased.

The firm’s chief economist Kevin Thorpe said that the research revealed two key findings: office leasing will be impacted and vacancies will reach record level, but the office market is expected to make a full recovery.

It is clear that remote and hybrid work arrangements will continue to grow, with the firm predicting remote workers will increase to 10 to 11%, while hybrid workers will increase from 32% to 36%.

“The myth that work from home is not productive has been busted,” said Harmit Singh, CFO of Levi Strauss. “I believe we will settle into a culture where working from anywhere will be the new norm, with work from home or office or a hybrid arrangement.”

Other major companies, like Google, have revealed they will experiment with hybrid arrangements to accommodate workers who want more agility.

Tags: daily_digest
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, 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.

No Result
View All Result
Yardi Kube IT Management
Later - Turn followers into customers
1Password - Start Today
FlexJobs logo

Latest News

The AI Dilemma: Productivity Gains, Perception Pains, and the Path Forward

 The AI Dilemma: Productivity Gains, Perception Pains, and the Path Forward

December 1, 2023
New Survey Confirms 2023 Was Chaos, Reveals Top Workforce Trends Of The Year

New Survey Confirms 2023 Was Chaos, Reveals Top Workforce Trends Of The Year

December 1, 2023
2023 Flexible Office Heatmap Reveals Top 10 Markets

2023 Flexible Office Heatmap Reveals Top 10 Markets

December 1, 2023
GCUC Lands in Salt Lake City Next Year, Showcasing Workspaces and Innovation

GCUC Lands in Salt Lake City Next Year, Showcasing Workspaces and Innovation

December 1, 2023
U.S. Consumer Spending Dip Could Indicate Cooling Labor Market

U.S. Consumer Spending Dip Could Indicate Cooling Labor Market

November 30, 2023
Skill-Based Education Gains Traction Among Gen Z, Redefining Career Readiness

Skill-Based Education Gains Traction Among Gen Z, Redefining Career Readiness

November 30, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00