Occupiers were already seeking out differentiated office space prior to the pandemic. In fact, 90% of office absorption in 2018 and 2019 was in Class A quality buildings, which only account for approximately half of total inventory.
Executive Summary
- Occupiers were already seeking out differentiated office space prior to the pandemic. This flight-to-quality trend, however, has accelerated since 2020.
- Occupiers want to create engaging, experiential office environments where employees will happily choose to attend the office several times a week.
- Amenities can be one solution to support the in-office employee experience and draw employees back to the office.
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Compliments of Cushman & Wakefield – a member of the EACCNY.