Though the omicron variant added yet another wrinkle, the office market in many major cities has seen a recovery in demand based on the tenant requirements that are tracked by brokers. But that metric may be misleading at a time when long-term planning for office occupancy remains near an all-time low. And what that number means is up for interpretation. 
Tenant requirements are calculated differently at each brokerage house and on somewhat varying data, but they generally correspond to a combination of the total square footage of leases expiring in the next couple of years with the size of offices being toured by potential tenants.Even before the outbreak of the…  Read the full story here. | 
