Get ready for a big downturn - America's 'office apocalypse' is even worse than expected
Deserted downtowns have been haunting US cities since the beginning of the pandemic. Before the pandemic, 95% of offices were occupied. Today that number is closer to 47%. Employees' not returning to downtown offices has had a domino effect: Less foot traffic, less public-transit use, and more shuttered businesses have caused many downtowns to feel more like ghost towns.
https://www.businessinsider.com/remote-work-gutted-city-downtowns-office-real-estate-apocalypse-2022-12
Seonglae Cho
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