The headline is the same as it's been for four straight years: Workers will surge back to the office after Labor Day.
But some recent deals lend credence to this year's prediction. A handful of companies that abandoned office space in the last few years — including AT&T and Snap — have reversed course and signed new leases.
The trend isn't large enough to be reflected in data yet, but the anecdotal evidence has some in the office market hopeful that the tide is finally turning, especially as companies around the U.S. start to ramp up return-to-office mandates or say they will accelerate enforcement of their mandates. In theory, millions of workers could be finally driven back to the office by the end of the year.
Bisnow National Reporter Dees Stribling dug into the latest in the RTO push and why some companies are taking a U-turn back into office expansion mode.
— Catie Dixon, Bisnow managing editor
|