At Crocker Partners' 11M SF of offices across the Southeast, occupancy has stubbornly hovered around 25% over the past six months. But as vaccination rates have risen and restrictions have lifted, its offices are more like 35% filled this month, Managing Partner Angelo Bianco said, a disappointingly low number for this point in the year. “I would think based on how long the vaccine has been out and where we are, it should be over 50% occupied today,” he said.
Workers have been drifting back into offices since the start of the year, but companies have been reluctant to call them back full time for a host of reasons, including a shortage of childcare workers and general anxiety over a return to normalcy. While some expect that the trickle will turn into a… Read the full story here. |