Around 1 in 7 people in San Antonio's workforce worked from home in 2021, according to new U.S. Census Bureau figures.
The turbulence and uncertainty that remote work presented for so many employers, office landlords and developers may be lessening.USAA subleasing portions of its large office complexesFor more than a year, Frost Bank, one of San Antonio’s largest office employers, has had about a third of its workers in the office, another third working in a hybrid format and the remainder almost entirely remote, spokesman Bill Day said.
Khalil also said that demand for office space will likely continue to increase in the long term. “At the end of the day, San Antonio is still a growing city,” he said. Our thoughtful, in-depth reporting is only possible with your support. Help us continue producing news and perspectives you can't get anywhere else by becoming a member today.But for now, office construction has slowed, reports from real estate analysis groups show. That’s due not just to companies’ reduced appetite for office space, but also because of continuing supply chain wrinkles and rising interest rates that have made construction more costly and complicated.
JLL’s second-quarter report showed most new office construction happening in San Antonio’s midtown area, followed by the far northwest. While many analysts believe remote work is likely to stay and have an enduring impact on the office sector, some expect the pre-pandemic arrangement to reassert itself in the coming years.between workers and managers. The survey, which sampled more than 20,000 staff across nearly a dozen countries, found that nearly 9 in 10 workers felt they worked more efficiently from home. Meanwhile, 4 in 5 managers disagreed.
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