In this article, you'll discover:

• Top companies are cutting office space in response to new work trends.
• Businesses are using advanced metrics to optimize office usage.
• Rising office vacancies and subleases create tenant opportunities.
• Tenant Reps can help negotiate better lease terms and right-size space.

In a now fully post-pandemic environment, businesses are now shifting their priorities and making decisions outside of adapting to the new normal.
With companies like Meta and Tesla reinstating more frequent and compulsory in-person visits, return-to-the-office is no longer a question, it’s the inevitable reality for many.
Despite this, an overwhelming number of businesses are planning to slash their footprints in coming years. From the 350 globally leading businesses surveyed (over 50,000 employees), half reported that they were planning portfolio-wide reductions to the size or number of their properties, according to Bloomberg.