companies are pushing people back to the office. We tried work from home where I work in 2019. In Feb 2020 we ended the policy and said everyone needs to be in the office..it just didn't work. Then Covid hit a month later and everyone was back to working from home.
Prime office space in NYC is at an all-time low vacancy rate right now because the financial services firms are scooping up the best spots. Now that the prime spaces are rented, the A- class will fill up soon too.
It will be interesting to see how things change nationally once DOGE has been around for a while. They seem to have a 2 pronged approach. 1. Fire a lot of people (means the government will need less office space) 2. Force everyone to work in the office (means they'll need more office space).
I wonder if these moves will be a net gain or loss for the office market in general???