The Building Owners and Managers Association International (BOMA) has conducted a U.S. tenant sentiment study of more than 1,200 commercial office space decision-makers.
The survey—the third and final in a series of BOMA surveys on the impact of COVID-19 on commercial real estate—indicates that almost 90% of decision makers feel an office space is imperative to business operations, but a majority continues to support telework as well. They predict that almost 30% of workforces will remain mostly or fully remote for the next 12-18 months. Ultimately, almost two-thirds of these decision makers, as well as their employees, would prefer a hybrid work schedule with at least three to four days in the office. 72% of tenants would renew their lease if it were up today—a percentage that matches pre-pandemic numbers, up from 38% in 2021.
Learn more in the BOMA news item.