Currently, businesses both large and small are reformulating their requirements for their space and working environments. More management, staff, and employees are working remotely, which will require less square footage commitments or, in some circumstances, to locate in smaller satellite locations. Eventually, there will most likely be a more significant return to the workplace, and occupancy levels will increase for the current existing built-out space. That said, it appears that the absorption factor will not re turn to pre-pandemic occupancy levels. Many companies have already permanently changed their employment strategies and no longer require full-time office occupancy for their employees.
Read More: https://smmirror.com/2021/12/building-conversion-in-todays-market-environment/