The office apocalypse might finally be over, if signs of life from the world's largest commercial real estate services company come to fruition

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The office apocalypse might finally be over, if signs of life from the world's largest commercial real estate services company come to fruition

//business-finance.news-articles.net/content/202 .. al-estate-services-company-come-to-fruition.html

Published in Business and Finance on Thursday, May 1st 2025 at 17:00 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

CBRE's chief financial officer said "U.S. office leasing delivered 28% revenue growth," during its earnings call on Thursday.

The article from Fortune, published on February 14, 2025, discusses CBRE Group's recent earnings report, which suggests that the so-called "office apocalypse" might be nearing its end. CBRE, a leading commercial real estate services and investment firm, reported a significant improvement in office leasing activity and a stabilization in vacancy rates during the last quarter of 2024. The company's CEO, Bob Sulentic, expressed cautious optimism about the recovery of the office sector, attributing the positive trends to a return-to-office push by many companies and an increase in demand for high-quality office spaces. Despite these improvements, CBRE acknowledges that challenges remain, particularly in secondary and tertiary markets, but the overall outlook for the office real estate market appears to be improving.

Read the Full Fortune Article at:
[ https://fortune.com/2025/02/14/cbre-earnings-office-apocalypse-might-be-over/ ]