The St. Louis office market continues to be faced with the impacts of the pandemic. Vacancy is expected to rise slightly as users are reevaluating their office footprints shifting to work-from-home policies, affecting the short-term demand for space. Despite the gloom of the past few quarters, many businesses have leased or renewed a significant amount of space.
“With the vaccine being administered in the first part of 2021, we will see more people returning to work in a traditional office environment and creating competitive advantage around their physical space and office culture,” says Dan Dokovic, Principal at Intelica.
Read the Intelica Office Insights to learn more.