Are ‘work resorts’ an answer to rising office vacancy rates?
In an Archinect feature article published last month, we unpacked the residual impact of the COVID-19 pandemic on office design. As our recent business survey found, a decline in demand for new office space post-pandemic is one of several factors currently feeding a turbulent economic landscape for architects, alongside headline forces such as interest rates and inflation. As our feature article noted, 20% of U.S. workers are believed to be currently working on either a remote or hybrid work schedule. Meanwhile, industry studies posit that 50% of large international firms expect to reduce their existing office space over the next three years, while U.S. office vacancy rates sit at 20% and approximately 2 billion square feet of U.S. office space is underutilized. Related on Archinect: The Pandemic Is History, but for Architects, Its Impact on Office Design Remains. Image: Aaron ThompsonAmid the warning signs for architects specializing in the design and delivery of new office space, ...
In an Archinect feature article published last month, we unpacked the residual impact of the COVID-19 pandemic on office design. As our recent business survey found, a decline in demand for new office space post-pandemic is one of several factors currently feeding a turbulent economic landscape for architects, alongside headline forces such as interest rates and inflation.
As our feature article noted, 20% of U.S. workers are believed to be currently working on either a remote or hybrid work schedule. Meanwhile, industry studies posit that 50% of large international firms expect to reduce their existing office space over the next three years, while U.S. office vacancy rates sit at 20% and approximately 2 billion square feet of U.S. office space is underutilized.
Amid the warning signs for architects specializing in the design and delivery of new office space, ...
