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Most office-using companies are developing plans to adjust their spaces as employees return after two years of remote work, according to CBRE’s U.S. Office Occupier Sentiment Survey, MBA NewsLink reported May 10. Fifty-two percent of respondents say they intend to reduce office space for more efficient use, up 44% from last year, and 73% of companies plan to continue supporting a hybrid work schedule.
Foreclosure activity in April was 8% lower than the month prior, but 160% higher than April 2021, analytics ATTOM reported May 10 in its April 2022 U.S. Foreclosure Market report. Illinois had the highest foreclosure rate in the country, with one in every 2,241 housing units with a foreclosure filing, compared to the national average of one in 4,580.
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