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Telework, economy complicate search for new office space

A glut of available office space for lease means tenants can get good deals, but many organizations are deciding instead to stay putThe American Bankers Association's new digs in Washington, D.C., will feature a conference room with panoramic views. ABA will occupy 87,000 square feet starting in late 2022.Photo: ABA Associations searching for new offices will find plenty of options—and many potential bargains—with vacancy rates in major hubs like Washington, D.C., and Chicago at or near record highs. The question is whether they need all that space. The COVID-19 pandemic has certainly contributed to the current abundance of available office space but several other factors… Read More