U.S. Office Tenants Want More Flexibility in Lease Terms in 2023

According to a new survey by CBRE of 207 companies with U.S. office locations, companies are more proactive about office attendance than last year: 65% say they`re requiring in-office work at least some of the time. This is more than double the respondents that required in-office attendance last year.

Partly due to those proactive efforts, office attendance levels at 60% of surveyed companies have reached a long-term steady-state, up from 43% last year. In many cases, those new steady-state attendance levels are lower than before the pandemic. Still, 38% of companies anticipate their attendance levels to increase in the future...
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RSK: I am ok with tenants doing more flexible leases...but the problem arises when they want a major build out and want to amortize it over a short term lease. That`s tough on the owners of the building.