01-11-2024, 10:21 AM
I wonder how office vacancy would look if it was taken as a function of the number of empty seats, instead of unrented spaces. My office is downtown, and with our hybrid WFH policy we probably only average 40-50% occupancy on a given day. I don't really think this metric is important, but it could predict some workplaces choosing to downsize in the future, which could impact the overall vacancy rate.