People are returning – slowly but surely – to physical offices, and that’s causing leasing activity to pick up for the sector despite increasing headwinds for the industry and the overall economy.

“We certainly have seen a bit slower, people coming back to the office than we expected,” Spencer Levy, Global Client Strategist and Senior Economic Advisor at CBRE, told CNBC this week. And that means “people are trying to anticipate not only when people will come back but when will greater leasing activity come back,” he said.  ”I would say the good news is we have actually seen a significant pickup in leasing activity versus the somewhat disappointing amount of people physically coming back to the office.”

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Lynn Pollack


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