Workers Are Winning The Return-To-Office Tug Of War

Executives want their employees at their desks more frequently, but the data shows workers aren't budging. The push-and-pull is leaving a permanent mark on office spaces, which are rapidly adapting to win the hearts — and feet — of a largely reluctant workforce.

Occupancy has plateaued at just over 43% for the last month in the 10 largest office markets, according to building access technology firm Kastle Systems’ Back to Work Barometer. Office use has flatlined despite significant upticks in business travel and business lunches being back on the table.

Many employers have mandated some kind of return to the office for workers, ranging from a few days a month to a couple of days a week. But amid a new rise in coronavirus cases and hospitalizations, plus a labor market favoring job seekers, workers' preference to be occasional…

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Hotel Industry’s ‘Healthier Picture’ Clouded By Gas Prices, Inflation As Summer Arrives

For the first time since the pandemic began, travelers are more concerned about gas prices and inflation than they are Covid-19 when making travel plans, according to a survey from the American Hotel & Lodging Association released Wednesday.

The results come as hotels are on pace for a record number of bookings for leisure travel and charging room rates higher than they did before the pandemic, paving the way for a summer of revenge for the industry. 

"I’m much more optimistic about the summer today than I was 60 days ago,” Donohoe Hospitality President Thomas Penny said. “I think for many folks, they began to socialize the reality that we’re going to have to live with [Covid] … Folks began to just…

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Trump Investigation Brings More Scrutiny To Secretive Way Commercial Properties Are Valued

A high-profile investigation into the biggest name in commercial real estate is shedding new light on the tight-lipped world of commercial property appraisals and revealing how owners — and their service providers — can skew their property values to mislead banks and tax authorities.

New York Attorney General Letitia James’ three-year investigation into The Trump Organization has ramped up in recent months after her office announced its findings in January that the former president’s company misrepresented the value of its properties to financial institutions for its own benefit. The investigation has ensnared…

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