CushWake Projects Majority of Office Workforce Will Return in Early 2022
Forty percent of the global workforce had returned to the office as of September, but the majority will return in early 2022, Cushman & Wakefield said in a new report. The firm’s latest research finds that return to the office is directly correlated with high vaccination rates and low infection rates.
“It’s important to remember that pre-pandemic, office buildings were never 100% occupied on any given day; 60% was generally the norm,” said Kevin Thorpe, chief economist at Cushman & Wakefield. “Today, we are at 40% globally, but of course that varies greatly from city to city.
“Assuming no virus setbacks at this point, we see office buildings and cities reenergizing in early 2022,” he added.
Regionally, the return is expected to be led by Greater China, followed by Europe, then the U.S., Canada and finally the Asia Pacific region.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).