CommercialRealEstateBouncesBack
ByFlagshipFacilityServices, August26,2022
Metropolitanareasfromcoasttocoasthavebeenfeelingtherealestatepinch sincethestartoftheCOVID-19pandemic.Withaconsiderablechunkofthe workforceoperatingfromhomeatleastpartofthetime,manybusinesseshave optedtoselltheirofficespaceorbreaktheirleases.
AccordingtoStatista,officevacancyratesreached17.2percentinthesecond quarterof2021,causingconcernforbusinessowners,landlords,andinvestors alike.InbigcitieslikeNewYorkandSanFrancisco,thesqueezehasbeeneven tighter,withvacanciesconsistentlyhoveringoverthe20percentmark.
But2022broughtreasonforoptimism.Inmanyways,lifehasreturnedtothe wayitwasbeforethepandemic–thanksinlargeparttovaccinerolloutsand increasedtesting.Gatheringsareallowedagain, maskmandateshavebeen lifted,andthe CentersforDiseaseControlandPrevention(CDC)hasofficially relaxeditsguidelines
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