Cushman & Wakefield CEO expects growing economy to make up for remote work-related office declines

Cushman & Wakefield CEO Brett White on Friday offered a positive long-term outlook on the commercial real estate market, telling CNBC he expects a booming economy to compensate for companies that trim their office footprint due to an embrace of remote work. “As we think about the immediate near term … we’re looking at about a 10% … Read more

How Texas is luring big businesses and billionaires away from California

Texas is experiencing a major boom that began way before its power grid was decimated by February’s historic winter storm. The Governor’s Economic Development and Tourism office said in September there’s been a “tremendous increase” in companies reaching out since the pandemic hit, with 237 relocation or expansion projects currently in the works.  Oracle moved … Read more

Texas governor says companies moving headquarters to the state has turned into a ‘tidal wave’

Texas Gov. Greg Abbott told CNBC on Friday that the number of companies deciding to move their headquarters to the Lone Star State has accelerated due in part to the coronavirus pandemic. The Republican governor’s comments came shortly after it was reported that software giant Oracle is moving its corporate center from Redwood City, California, … Read more

CBRE CEO says he expects at least 80% of office occupancy to return post-pandemic

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,” … Read more

Stocks making the biggest moves midday: Pinterest, Ford, Spotify, eBay & more

Stocks making the biggest moves midday: Pinterest, Ford, Spotify, eBay & more Search quotes, news & videos Source link

Permanent remote workforce may be around 10% after pandemic, says Cushman & Wakefield CEO

Cushman & Wakefield CEO Brett White told CNBC on Friday that he believes the size of the remote workforce may double as a result of the coronavirus pandemic. But, he added, the vast majority will ultimately return to the office.  “If right now roughly 4.5%, 5% of the workforce is permanently at home … pre-Covid, … Read more