Real Estate

At least 80% of office occupancy to return post-pandemic: CBRE CEO


The CEO of real estate firm CBRE told CNBC on Friday he expects the coronavirus pandemic to have created a lasting impact on offices — but he’s hardly envisioning a doomsday outcome.

“You’ll see a hybrid scenario. Lots of returning to the office. We think 80%-plus of that occupancy, if not more, will come back,” Bob Sulentic said on “Power Lunch.” “There will be remote working flex space. There will be working from home, and there will be creative things happening in the use of office space. That’s for certain.”

The future of the office — and how much square footage will be needed — has been in question for months after the Covid-19 outbreak in the spring caused companies to shift to…


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