Despite the daily chatter – mostly positive – about return-to-office trends – new demand for office space fell for the third consecutive month in August, according to data from VTS.
That streak could end in September, as more companies are firmly establishing their return-to-office policies, although some employees are rebuffing those directions. Meanwhile, lenders sit back and wait.
Adam S. Finkel, CCIM, principal and co-founder of Tower Capital, tells GlobeSt.com that lenders are hesitant to embrace office just yet until there's more clarity about back to work plans, how long that will take and what the office of the future will look like.
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