When it comes to lease negotiations, office tenants are becoming experts in rubbing salt in the wounds. The mainstreaming of remote work is responsible for much of the woes the asset class is experiencing right now yet 39% of tenants want to incorporate some formula into their lease to better match their costs to their office attendance traffic patterns. One idea: paying less rent until they reach that "steady-state" attendance threshold.
This is according to a CBRE survey that looked at what 207 companies in the U.S. are doing with their office space.
It is an interesting finding that bubbled up from the report's overarching theme, which is that after three years of mostly remote work, office tenants are getting a handle on what their space needs are amid the fluctuating numbers of their onsite staff.
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