Continuing to rescue 12 major US stock exchanges, new concerns over various COVID-19 releases disappeared in August 2021, according to CBRE’s monthly Pulse of Office report. Thus, the second step was adjusted one step back – the acquisition of office space.

The CBRE monthly report follows three indicators of the office Market Recovery performance: The role of Market Recovery workers (TIM), which includes companies actively looking for office space; the work to be done in the form of a final contract; and achieving reciprocity. In August, the first two indices recorded a slight decline after several months of recession.

On the other hand, the rent index fell to the set for the second month in August, which is a good sign even if the background assumes that rents are still high. For each index, the percentage is equal to the pre-disaster situation in 2018 and 2019.

An analysis of the indices based on CBRE’s August results showed Boston and Atlanta as the markets moved away, and Atlanta is making strong profits this month from services. Los Angeles is lagging as the number of employees fell in August after years of recession. In the next Market Recovery segment, Dallas-Fort Worth, Seattle, Washington, Manhattan, and Houston showed modest progress.

“In August, we saw a slight decrease in the number of employers looking for a location and a lease,” said Nicole LA Russo, CBRE’s director of research and operations. “Transactions that are almost coming to an end have continued, although the sharp rise in infection and delays are linked to his return to the office.

“The good news is that the availability of subleasing has not increased since the impact of COVID increased,” he said. “These numbers are welcome because the museum’s position is likely to be a major obstacle to Market Recovery success.”

“We knew that the proliferation of the COVID Delta variant would affect office and Market Recovery regulation, and the results of the August demonstration confirm this,” said Julie Whelan, director of popular research at CBRE Global. “The question is whether it is repatriation or otherwise. Perhaps the power of drug cooperation and cooperation could strengthen efforts to prevent COVID and, in addition, force them to serve back in the United States.”

Global indices reflect the gradual Market Recovery of the office market:

  • The TIM index fell in August after six consecutive interests. Out of eight to twelve, a gradual decline in the TIM index was recorded over the past month. Four markets – Dallas – Fort Worth, Atlanta, Seattle, and Philadelphia – are making losses. Boston’s TIM score was higher than the crisis, and Atlanta and Dallas-Fort Worth have a return on risk of 10 points.
  • Liza’s efficiency index fell to 71 in August and 77 in July but still exceeds 52 levels as of December 2020. Five of the 12 markets have been leased. Atlanta recorded a 16-step update to its index in July-August, adding it to pre-crisis conditions. Houston, Manhattan, San Francisco, and Chicago showed moderate improvements.
  • The subcontract availability index corresponds to the second consecutive month from August 1918 to July 194. This indicates a slight recovery from the high level of 1955 in May this year. Half of the markets showed their decline. Seattle saw a big drop, falling 24 points in August. In general, a ratio of 191 to this index means that the underused area is still close to double digits.
Translate »