During the coronavirus, many businesses introduced a hybrid working model, allowing employees to work from home or an alternative location. This led to a large share of rental space sitting empty. In New York City, only about 37 percent of the space used before the pandemic was physically in use in March 2022. Though the return to the office in other cities such as Tokyo and Berlin had advanced more, it was still not at 100 percent.
Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022
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Morgan Stanley. (April 19, 2022). Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/
Morgan Stanley. "Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022 ." Chart. April 19, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/
Morgan Stanley. (2022). Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022 . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/
Morgan Stanley. "Office Space Physically in Use as a Share of Space Physically in Use Pre-corona in Key Markets Worldwide as of March 2022 ." Statista, Statista Inc., 19 Apr 2022, https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/
Morgan Stanley, Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022 Statista, https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/ (last visited December 22, 2024)
Office space physically in use as a share of space physically in use pre-corona in key markets worldwide as of March 2022 [Graph], Morgan Stanley, April 19, 2022. [Online]. Available: https://www.statista.com/statistics/874650/change-in-office-space-use-worldwide-due-to-the-coronavirus/
