Office Fundamentals Struggle From the Secular Impacts of Hybrid Work

Jessica Morin, head of CBRE America's office research along with Ada Choi, her counterpart in Asia Pacific. In the US demand measured by tenants in the market has remained pretty stable so far this year. Once we have economic stabilization, we can really expect to see a rebound in Tim and do same activity. Recovery in mainland China is weaker than expected while supply is really high resulting in further decline in rents.