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With Hybrid Work Prevalent, Softer Demand for Office Space Is Now the New Normal

Markets With Higher Percentage of Information Workers See Largest Drop in Demand
What's missing? Employees in some sectors are still spending half their time working remotely, reducing demand for office space.<b> </b>(Amelia Cauwenbergh/CoStar)
What's missing? Employees in some sectors are still spending half their time working remotely, reducing demand for office space. (Amelia Cauwenbergh/CoStar)
CoStar Analytics
December 12, 2022 | 10:35 P.M.

Not all hybrid workers are created equally, a fact that holds important implications for office leasing fundamentals and offers further evidence that weakened demand is more than a short-term phenomenon.

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