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How the interplay between employment and attendance trends is shaping office demand

Tensions persist between stagnant job growth and return-to-office momentum
Hiring in financial services and more frequent attendance among hybrid workers have boosted office demand in Midtown Manhattan over the past year. A busy street at 32nd and 5th in Manhattan. (CoStar/Field Research)
Hiring in financial services and more frequent attendance among hybrid workers have boosted office demand in Midtown Manhattan over the past year. A busy street at 32nd and 5th in Manhattan. (CoStar/Field Research)
CoStar Analytics
September 15, 2025 | 7:03 P.M.

The latest data from the Bureau of Labor Statistics reveals a complex interaction between job growth and the ever-evolving return to in-office work. This interplay between job growth and office attendance trends could have profound implications for future demand for commercial office space.

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