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  • The coronavirus hit to office space will surpass the financial crisis, with a net loss of up to 95 million square feet of unoccupied real estate from Q2 2020 to Q3 2021, according to a new forecast from Cushman & Wakefield.
  • The steepest level of vacancies will occur in the U.S., Canada and European countries in the coming years at a net negative level of over 200 million square feet.
  • The number of permanent remote workers, and hybrid workers, will increase over time, but population and economic growth, as well as concentration in knowledge-based work, should lead to a full recovery in the next decade.

Office vacancies won’t return to pre-Covid level until 2025: Study

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The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take

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