For the first time since the pandemic redefined work habits, a majority of Fortune 100 companies now require full-time office attendance, according to a new report by JLL. Hybrid models, once embraced by 78% of top firms, have plummeted to just 41%. Meanwhile, 54% now mandate full in-person work, a significant increase from just 5% two years ago.This shift is reshaping the commercial real estate landscape. Office occupancy climbed 1.3% year-over-year in April and May, and the demand for high-end office space is surging. JLL reports that trophy buildings in markets like Miami, NYC, and San Francisco are achieving record-breaking rents, with newly constructed office space averaging $92.38 per square foot.
Vacancy rates remain high, though, over 22% nationally, prompting a wave of conversions and demolitions that shrank the U.S. office inventory by 700,000 square feet last quarter...
RSK: I wouldn`t rule out hybrid work just yet, but it will take a lesser role.
Share this article on you social outlets
Our Sponsors
- - Volume: 25 - WEEK: 30 Date: 7/22/2025 7:19:53 AM -