330 Million Square Feet In Vacant Office Space Won t Cure Housing Shortage forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Almost two years after widespread COVID-19 vaccination allowed most of America to reopen, office attendance rates in the country’s big downtowns remain below 50% of their pre-pandemic levels. Even though a predicted “retail apocalypse” never happened in fact, retail vacancy rates are near all-time lows the entertainment, retail, and shopping destinations that have revitalized many downtowns in the past 30 or so years are clearly hurting.