{"id":15252,"date":"2023-09-21T20:41:34","date_gmt":"2023-09-21T17:41:34","guid":{"rendered":"https:\/\/www.liberalglobe.com\/?p=15252"},"modified":"2023-09-21T20:41:42","modified_gmt":"2023-09-21T17:41:42","slug":"the-office-space-market-is-desperately-looking-for-alternatives","status":"publish","type":"post","link":"https:\/\/www.liberalglobe.com\/?p=15252","title":{"rendered":"The Office Space Market is desperately looking for Alternatives"},"content":{"rendered":"\n

It’s been three years since the COVIC-19 pandemic emptied offices, introducing teleconferencing and remote working into the work culture. The trend remains.<\/p>\n\n\n\n

36% of offices around the world are permanently vacant, according to a new report by Melbourne-based tech start-up XY Sense (XY Sense Workplace Utilization Index<\/a>). Of the rest, only 14% are used more than five hours a day. And 29% less than three. Among the most utilized, he says, are the 2-3 person meeting rooms, which are on average 90% full. <\/p>\n\n\n\n

The report covers the second quarter of the year, with a sample of nearly 25,000 workplaces in nine regions, including the US, UK, Hong Kong and Singapore.<\/p>\n\n\n\n

The picture for the third quarter is not expected to be different. Not even after. This is evidenced by the empty office buildings in big cities around the world. <\/p>\n\n\n\n

Office vacancies in the US topped 20% in the first three months of 2023. In some cities, they are as high as 25%.<\/p>\n\n\n\n

The problem is clearly not limited to US borders. In the financially stifling “steam engine of Europe”, in Germany, the market for office space – which until now was considered a “golden” investment – is heading for the\u2026 tartar.<\/p>\n\n\n\n

In its seven largest cities, demand was for about 1.1 million square meters: about a third less compared to the same period last year. In their surroundings the drop is even greater.<\/p>\n\n\n\n

Even at Gateway Gardens, a modern office complex near Frankfurt airport – a metropolis for the banking and financial sector – almost a third of the space is currently empty.<\/p>\n\n\n\n

The various factors that lead to this condition:<\/strong><\/p>\n\n\n\n