National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Lease
- ◦Economy
