Bob Sulentic, CEO of CBRE, is predicting that at least 80% of office occupancy will return after the pandemic has ended.
Sulentic added that while there will be a return to traditional office settings, he also anticipates new work arrangements to emerge in the coming years, such as remote working, flexible offices and more.
At the moment, Dallas-Fort Worth is leading the nation in office occupancy with 38% of workers having returned to the office as of December 2. The national average is currently at 24.4% according to Kastle Systems.
Leasing activity has also started to see incremental growth, particularly among large companies. For instance, indoor cycling company Peloton said it is adding over 103,000 square feet of space to its Plano campus.
However, other major organizations like Square and Twitter are offering employees the chance to work from home permanently, marking a stark contrast to what the workplace looked like pre-pandemic.