"Rising Vacancies: The Uncertain Future of US Office Buildings"
Across the U.S., empty office buildings are leaving downtown areas with less foot traffic, prompting discussions about their future. Factors contributing to the high vacancy rate include economic uncertainty, remote work, surplus new constructions, and subleased space. Despite challenges, there is optimism for a return to office spaces due to expected job growth and evolving company policies. Some companies are already veering away from remote work, while others are exploring converting empty buildings into residential housing. However, this process is expensive, complicated, and time-consuming, with some architectural challenges. Despite the current situation, experts believe that the office will continue to be a central part of the U.S. economy in the long term.
