Originally published on May 5, 2023 by Danielle Zarnick for UrbanLand Magazine.

In a recent webinar hosted by ULI Europe with the Instant Group, real estate experts discussed the current state of the global office sector.

The “ULI Europe Bridging the Occupier-Landlord Gap for the Future of Workspace Report Launch Webinar” shed light on how changing occupier behavior and broader macroeconomic trends are affecting the demand for office space.

Simon Chinn, vice president of research and advisory services, Urban Land Institute, and James Rankin, head of research and insights, Instant Offices Limited, introduced the new research report, Bridging the Occupier Landlord Gap for the Future of Workspace.

“If we consider for a moment, some of the activities that were restricted during the pandemic or lockdowns, things like going to a restaurant or attending major sports events or concerns or the theater, all of these social, in-person activities are not back to their pre-pandemic levels…While attendance to the office varies in many sectors and cities, office occupancy really remains well below its pre-pandemic levels,” said Chinn.