In-person work is rising among Fortune 100 companies, with JLL reporting that only 41% offer hybrid schedules. Businesses are shifting back to office policies despite the pandemic's push for remote work. Demand for high-quality office spaces in major cities is increasing, leading to higher rents. Companies recalling workers face challenges, including insufficient desk space. Employee reactions to the shift towards in-person work are varied, indicating mixed feelings about the transition from flexible work arrangements.
"So, these are based on numbers from JLL, which is a big international commercial real estate outfit... more and more of the largest companies in America are moving to fully in office work policies and that hybrid or remote work is just becoming less common as an option."
"The demand for really high quality or premium office space is definitely on the rise and that's being reflected in the rents that we're seeing for premium properties, sort of the trophy buildings and big cities, New York, San Francisco, Miami and so forth."
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