Those moves may herald a requirement for a return to a five-day office week.
Average office attendance is only 35%, according to AWA, a consultancy that studied companies in 22 countries during April and May of 2023.
Still, a mass exodus of tenants is unlikely as office leases in financial districts like London’s Canary Wharf have around 10 years left.
But investors fear that once leases come up for renewal, companies will cull space.
If bosses have it their way, office stocks may come back from the dead.
Persons:
France’s, BNY Mellon, Jamie Dimon, “, ” BNY Mellon, Francesco Guerrera, Streisand Neto
Organizations:
Reuters, Boston Properties, Google, JPMorgan, . Tech, Communications, Reuters Graphics, AWA, Alexandria Real, Thomson
Locations:
London , New York, San Francisco, London, U.S, Alexandria, Britain