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Today’s office property marketplace in commercial real estate is ever-changing and increasingly complex. To find and secure the optimal location for attracting the best talent or to drive new levels of efficiency by incorporating the best technology tools -- our professionals offer expertise for organizations of every size.
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For owners and investors, our leading-edge market research and value-added management services help maximize returns even in challenging environments. We collaborate across borders and specialties to bring the widest possible range of solutions to meet your specific criteria.
For occupiers, our office experts provide:
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The Vitality Index
Measuring the return of people and places
After two and a half years of unprecedented disruption to how we work and live, companies across North America continue to grapple with uncertainty. What will the future of work look like? Are city downtowns regaining their pre-pandemic vitality? How will societal, cultural and environmental shifts shape the next normal?
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Office sector news and updates
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News Release
Avison Young enhances U.S. Capital Markets practice with new operational leadershipOctober 26, 2022 -
Avison Young’s ninth annual global Day of Giving event initiates change through action and partnership with local charitiesOctober 11, 2022 -
Foot traffic data reveals next normal for 52 markets across North AmericaOctober 6, 2022 -
Kathy Gigac appointed to Managing Director in Raleigh, NCSeptember 27, 2022
U.S. office market Q3 2022 insights
Knowledge workers across the country are establishing a baseline for office use in the new post-pandemic normal. Avison Young’s US Office Vitality Index registered 41.8% of pre-pandemic levels in the final week of the third quarter, down slightly from the 43.3% return rate recorded in the final week of the second quarter. While office returns were disrupted by Hurricane Ian and Jewish holidays, office visitation remained considerably lower than pre-COVID levels amidst competitive labor market conditions and quality of life concerns.
Demand is holding up best for well-located, high-quality space with great environmental credentials in amenity-rich locations that support company desires to encourage employees back to the office to bolster productivity and collaboration. However, the overall market appears poised for further occupancy losses.
