Offices are increasingly vacant. According to Moody’s Q2 2024 CRE trend report, office vacancy rates have exceeded 20% this year as businesses reduce their space or leave the office entirely, driven by the continued demand for hybrid work. In response, building owners and facility leaders are under increased pressure to offer enhanced amenities, to help tenants attract employees back to the office and stand out in an increasingly competitive market. The space made available by downsizing tenants presents a prime opportunity for building owners to rethink their offerings, positioning their properties as more than just office buildings but as complete neighborhoods at one address.

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