Insight - Apartments can bail out the struggling office market

Glut situation: A file picture showing a woman standing before the Manhattan city skyline at a viewing deck of the Rockerfeller Centre in New York city. In a world of more remote and flexible working hours, office buildings are dealing with both too much supply and not enough demand. —AFP

THE office market remains in the dumps. Downtown vacancy rates are the highest they’ve been since 1994. Many central business districts have now had seven straight quarters where more office space was vacated than was leased.

In a world of more remote and flexible working hours, office buildings are dealing with both too much supply and not enough demand.