The Evolution of Office Spaces in a Post-Pandemic World

The shift in office dynamics post-pandemic is evident as office use has decreased significantly compared to pre-pandemic times. Office vacancies in the US have reached a record high of 12.4%. Companies like Lyft are downsizing their office spaces in major cities and sub-lease availability is at a peak in areas like New York and San Francisco. Many firms are considering consolidating office spaces, opening satellite locations, and embracing remote work. The traditional 9 to 5 office culture is evolving into a more flexible approach, where most companies are expected to fall somewhere in between fully remote and in-office operations.