Episode 284: Mass Transit Reliance Playing Key Role in Office Re-Population

Nareit's REIT Report Podcast · Jul 13, 2021 · 17m

Reliance on mass transit is playing a key role in determining the pace at which office markets across the country re-populate, says Julie Whelan, head of occupier research for the Americas at CBRE.

Speaking on the REIT Report, Whelan noted that Texas is currently experiencing probably the largest return to the office, despite vaccination rates in some parts of the state lagging the national average. Other markets, such as California and New York, have higher vaccination rates but are returning to the office more slowly because of mass transit dependance, she added.

More focus needs to be…