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Impact of RTO on Commercial Real Estate Trends

Esquire Property Management Group

Leasing rates have been significantly impacted by the significant decrease in office occupancy brought about by the move to hybrid work arrangements. Office occupancy in the United States was at approximately 50% as of May 2023, which is a sharp drop from pre-pandemic levels when office buildings were usually almost full.

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Positive Impact of Return to Office (RTO) on Commercial Real Estate Trends

Esquire Property Management Group

Leasing rates have been significantly impacted by the significant decrease in office occupancy brought about by the move to hybrid work arrangements. Office occupancy in the United States was at approximately 50% as of May 2023, which is a sharp drop from pre-pandemic levels when office buildings were usually almost full.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

Legal Most PMCs outsource their legal services to a third-party law firm or attorney to provide legal advice and representation on various matters related to the property or properties. Ensuring that residents have insurance coverage is a priority for 90% of property managers, but only 41% of residents maintain compliant coverage.