Followers know we have been fascinated with the long term changes and effects from the lock down….
Virtual is the new Normal – Heck we have Zoom, Teams, GoToMeeting just to name a few, that we use constantly…
The following graphic is from our buds at Visual Capitalist – Note comments from the article after…

This from the article- with our highlights for emphasis
1 Billion Square Feet of Empty Office Space
In April, one of America’s largest office owners, Brookfield, defaulted on a $161 million loan.
The loan, covering 12 office buildings, was mainly concentrated in the Washington, D.C. market. Faced with low occupancy rates, it joined other office giants Blackstone and WeWork defaulting on office debt this year.
The above graphic shows nearly 1 billion square feet of empty office space in the U.S. based on data from JLL—and the wider implications of office towers standing empty.
Ranking U.S. Cities by Empty Office Space
At the end of the first quarter of 2023, a record 963 million square feet of office space was unoccupied in America. An estimated five to 10 office towers are at risk of defaulting each month according to Manus Clancy, senior managing director at Trepp.
And one of our all time favorite trackers, Kastle

Have a Great “Office Space Updated” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
2600 Office Buildings in 138 Cities…. Current Occupancy is Exactly 50% … Kastle Back to Work Barometer …. Likely the new norm?
Kastle a nationwide security provider….. obviously with their hands on some of the most interesting data:
Office Occupancy
With 2600 buildings in 138 cities…. the current occupancy rate is 50%!
Check out the 2020 Comps versus 2023 broken down by day of the week! WOW
Not sure what the future looks like, but likely not the same as a just a few years ago….
Have a Great “Back to Work Update” Day!
John A. Kvale CFA, CFP
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Posted in Economy, General Financial Planning, Investing/Financial Planning, Market Comments
Tagged Back to Work Index, Kastle, Kastle Barometer, Kastle Systems