Eat and Play North Carolina
Explore the Caldwell County Itinerary for food, shopping, highlights, lodging and adventures! We invite locals and visitors to delight in the journey and the destination.
16 Jun 2024
News
It took a global pandemic to convince American businesses that their employees could work productively from home or a favorite coffee shop. Post-COVID-19, employers are struggling to find the right balance of in-office and remote work. However, hybrid work is likely here to stay, at least for a segment of workers.
This shift isn’t just changing lifestyles—it’s also affecting commercial spaces. Office vacancy rates post-COVID-19 shot up almost overnight, and they remain near 20% nationwide, the highest rate since 1979 as tenants downsize in place or relocate. This workspace surplus is putting pressure on existing development loans and leading to defaults or creative refinancing in a market already plagued by higher interest rates.