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As 2024 winds down, the return-to-office landscape continues to evolve, with foot traffic in key markets reaching its highest levels since pre-COVID. Robert Sandler shares his insights with Commercial Property Executive in their recent article, “Return-to-Office Traffic Reaches Record Levels,” discussing how RTO has impacted the commercial office leasing market.
From the article:
The increase in foot traffic is seemingly due to the push for return-to-office across industries, according to Robert Sandler, real estate + leasing partner with Farrell Fritz, New York.
“This, in turn, creates a more active and healthy commercial office leasing market, but there are some caveats to that,” Sandler said. “The Class A and higher amenity buildings continue to outweigh older buildings, as many struggle. Clients who invest and upgrade their properties fill their offices at higher occupancy rates.”
Read the article here:
Return-to-Office Traffic Reaches Record Level – Commercial Property Executive