Approximately 500,000 employees will be required to return to the office by January, with variations in requirements among different industries. This decision comes after a previous return of one million employees to in-person work, signaling a potential reversal of the trend of reduced office space.
Office-using industries have increased their workforce but reduced office space, but this trend might pause as remote hiring decreases.
Office landlords, facing maturing loans and increasing vacancies due to expiring leases, are encouraging a return to the office.