Julie Whelan and the research team at CBRE have published the latest edition of the US Office Occupier Sentiment Survey to share insights into the current state of the office market. There have been significant changes since our last conversation, coming out of the pandemic in the summer of 20222.
Organizations have become more declarative in setting and communicating policies regarding the number of days employees are expected to be present in the office. Directions, recommendations, or mandates, even those with an 'office first' approach do not expect teams to come in five days a week.
When it comes to the health of office buildings, the age-old rule of "location, location, location" still applies. Mixed-use submarkets that host a variety of business and residential profiles, as well as multiple economic drivers, tend to be more attractive, and active, with less crime. Office buildings located in these healthier communities are doing better than those in less vibrant submarkets, like overly office-dense central business districts.
Julie and I delve into the implications for office, commercial real estate, and facilities professionals, while also highlighting ways to enhance the effectiveness of those responsible for driving business outcomes.
Thanks again Julie.
CBRE Spring 2023 US Office Occupier Sentiment Survey - https://www.cbre.com/insights/reports...
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