One of the most seismic changes from the pandemic is where we work. For many of us, that’s still completely or partially at home, leaving a major glut of office space where millions of Americans used to spend 40-plus hours per week.
The appetite for offices is so low that there may be as much as 1 billion square feet of unused U.S. office space by the end of the decade, according to a report early this year by real estate firm Cushman & Wakefield. That’s nearly 1.5 times the amount of office vacancies at the end of 2019, just before the pandemic began.
