Boston Globe (June 19)
“Many firms are implementing hybrid plans that call for two or three days a week in-office, though few enforce them. And fully remote situations remain common.” Things will never return to fully in-office, but offices are likely to grow more enticing. Companies that signed big leases, “with years of big rent checks ahead of them,” are left trying to rethink “the role — and look — of the office in a post-COVID world.” They are “trying to design an office worth coming back to.”
Tags: Companies, Design, Enforce, Enticing, Hybrid, In-office, Leases, Office, Post-Covid, Remote, Rent
Boston Globe (February 2)
“More than 10 months into a pandemic that has all but emptied downtown towers, the long-term future of offices in Boston remains unclear. Vacancy rates downtown are the highest they’ve been in a decade. There’s more than 3.5 million square feet available for sublease from companies holding long-term leases on space they’ve decided they no longer need. Rents, after climbing steadily for years, are starting to fall.”
Tags: Boston, Companies, Downtown, Emptied, Future, Leases, Long term, Offices, Pandemic, Rents, Sublease, Towers, Vacancy
