As we all know from our experience over the last few years, there has been a change in where we work and how we work. These changes have resulted in a rise in virtual meetings and an increase in the number of people working from home, either full-time or through a hybrid option. As a result, office space is no longer being fully utilized, leading to a decline in the current office occupancy rates compared to 2019. Is not clear when or if this trend will change as companies continue to evaluate their office space needs as leases expire and are renewed in the future.
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