MARKET UPDATE
AboutUs
ColdwellBankerCommercialCBS
Our organization strategically combines a powerful national presence with the agility of a regional market innovator. Coldwell Banker Commercial CBS has the resources and insight to understand our local market and the expertise to convert this knowledge into tangible value for each client. Our professionals stand ready to help clients discover untapped Commercial Real Estate market opportunities and to deliver a range of services designed to add value to their businesses. Our professionals service a wealth of business categories, with clients representing established corporations to small businesses to individual investors.
Rates Since Pandemic Onset
Here’s a welcome piece of news for the US office market: June 2024 saw the highest office attendance rates since the onset of the pandemic, with Placer. Ai’s recent office index exceeding 70 percent of pre-pandemic levels. This milestone reflects a significant shift in workplace dynamics as hybrid work schedules become the norm. Peak-day occupancy rates are now estimated to be near 80-90 percent of pre-pandemic levels nationally, showcasing a notable return to office trends across various sectors.
By 2023, most private employers had solidified their new attendance policies, but some companies continue to fine-tune these strategies to favor increased office attendance. Notable among those adjusting is office and industrial behemoth Amazon, which recently announced a new policy enforcing a minimum hours requirement for office attendance. Similarly, Salesforce has increased its three-day attendance requirement to four or five days for most employees. These changes signify a broader private sector push to encourage more in-person collaboration and office presence.
St W, Ste 115
Michael & Nathan
2010 Grand Ave, #7
1201 Grand Ave, Ste 9 Nathan & Todd
2376 Main St, Ste 818
Erik & Nathan
2223 Montana Ave, Ste LO1 Erik
1629 Ave D, B6 Erik & Nathan
Main St
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