Q&A: Real estate exec sees ’15-minute city’ concept migrating from Europe to the US

As companies continue to wrestle with how to create an efficient and productive workforce in a remote- and hybrid-workplace world, commercial real estate is suffering from a lack of use. 

Office building occupancy rates among the 10 most populous US cities remain at 43.6%, well below pre-pandemic levels and notably lower than the national occupancy rate of about 67%, according to Kastle Systems, a managed security provider to more than 10,000 companies globally.

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