Corporate Office Update Q2 2021

Office culture shifts as employees return back to work

Drivers

  • Although still challenged by delayed office re-entry, national office market indicators show the beginnings of a recovery this last quarter – office leases increased, occupancy losses slowed and space was removed from the sublease market. 
  • Office users are reconsidering the use of space after their employees have gotten accustomed to remote working environments. Collaboration and socialization areas that have a welcoming feel (and large enough for safe distancing practices if needed) are important factors to be considered.

Drawbacks

  • While vaccinations are increasing, the recent increase of COVID-19 cases is causing some companies to delay their return-to-office dates out and instead will continue to have remote and/or hybrid options for their employees.

 

  Average Hourly Wage
Occupation USA QC MSA
Accountants and Auditors $39.26 $32.61
Insurance Underwriters $38.65 $38.21
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other $46.46 $37.72
Software Developers and Software Quality Assurance Analysts and Testers $54.94 $46.94
Tami Petsche
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Tami Petsche
Vice President, Business & Economic Growth
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