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Are your antidepressants handy? Good.

Posted by Peter Rosa on Fri Jul 5 13:20:39 2024

From the financial company Moody's, as related on the Calculated Risk economics site:

The office sector set a record vacancy rate at 20.1%, breaking the 20% barrier for the first time in history. The slow bleed occurring in the office sector has led to a steady rise in the vacancy rate as permanent shifts in working behavior have outlasted the initial wave of the pandemic four years ago. Q2’s record rate of 20.1% is up from 19.8% the previous quarter and represents the third straight record-breaking quarter beyond our previous historic peaks of 19.3% set in 1986 and 1991.

Note the use of the word "permanent." Without doubt a deliberate choice.
As best I can determine Moody's itself is on a hybrid work schedule with employees required to be in the office at least 2X per week.

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