Office Buildings Still Sit Empty in Major Metros

 

According to a report by the Wall Street Journal, the office return rate was up to 27% and climbing in mid-October. That number has since declined since COVID’S latest spike. Employees are back to working from home, and many corporations are reluctant to say whether they’ll be back anytime soon. This spells trouble for commercial real estate landlords. But even more tragically, small retail businesses are taking the hit, losing a large chunk of their business that comes from foot traffic from nearby office buildings.

Tyler Kern and Daniel Litwin, MarketScale Radio Hosts, consider the ripple effects of empty office space. Kern and Litwin look to the government’s weak financial response to the crisis as a culprit in the trickle down negative effects on businesses big and small.

KEY POINTS:

  • Urban centers still feel like ghost towns as COVID continues to spread.
  • Real estate landlords scramble and pressure the government for a full economic re-opening.
  • Small businesses in urban metros take the financial hit from empty office buildings.

Follow us on social media for the latest updates in B2B!

Image

Latest

healthcare
The Future of Employer Benefits: Balancing Rising Healthcare Costs with Creative, Employee-Centered Perks
August 28, 2025

The landscape of employee benefits has undergone a seismic shift in the last decade. From the rise of telemedicine to the introduction of lifestyle spending accounts and stipends for services like DoorDash and HelloFresh, employers are reimagining how they support workers in a post-pandemic, inflation-conscious world. With healthcare costs rising and talent competition intensifying,…

Read More
How Smart EHR Features Return Time to Patient Care: Insights from Healthcare Leaders
August 27, 2025

When Documentation Technology Finally Works for Clinicians At ChartLogic, we’ve spent years perfecting the features that matter most to healthcare providers. But rather than tell you what we think works, we wanted to hear directly from clinicians about the EHR capabilities that have genuinely improved their workflows. We asked healthcare professionals: Have you ever used…

Read More
sustainability
From Green Initiatives to Guest Loyalty: Building the Future of Hospitality Through Tree Planting and Plastic Cleanup Programs
August 27, 2025

Sustainability is no longer optional in hospitality—it’s the expectation. A recent Booking.com report found that 84 percent of global travelers now prioritize making their trips more sustainable, raising the bar for hotels worldwide. Yet too many properties are still relying on the basics—like towel reuse cards or energy-saving reminders—that guests increasingly see as table stakes….

Read More
The Future of Directional Drilling: How Emerging Technologies Are Reshaping Performance Standards
August 27, 2025

Driving Innovation in Energy Exploration At Altitude Energy Partners, we’ve long understood that the future of energy development depends on continuous innovation in directional drilling technology. As formations become more complex and environmental standards more stringent, the industry is experiencing a technological revolution that promises to redefine what’s possible in drilling performance. We asked industry…

Read More