On The Market “Return to Office” Could Change the Housing Market, But Not How You’d Think
Dec 9, 2024
Matt Reidy, Director of CRE Economics at Moody's Analytics, dives into the shift of corporate office trends as companies push employees back to work. Surprising insights reveal a potential resurgence in suburban living, driven by new office models and shorter commutes. He discusses the rise of desirable 'live, work, play' communities and the outperformance of specific office investments. With urban vacancies high, what does this mean for real estate investors? The talk offers a fascinating glimpse into the evolving landscape of housing demand.
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Hybrid Work Here to Stay
- Many companies are adopting hybrid work structures.
- Full-time office returns are increasing, but hybrid models remain prevalent.
Office Utilization Rises
- Office utilization is at post-pandemic highs, measured by various metrics.
- It is still below pre-pandemic levels, indicating a lasting shift in work patterns.
Suburban Office Appeal
- Companies are enticing employees back to offices with better spaces and shorter commutes.
- Suburban offices, often smaller and service-oriented, are outperforming central business districts.