Delays implementing return-to-office plans and questions around companies’ longer-term real estate footprints are straining the office category of regional banks’ commercial real estate portfolios, executives said last week in Philadelphia.
Nearly a year after the World Health Organization declared the end of the global COVID-19 emergency, regional bank executives are still grappling with the fallout from the rise of remote work and its impact on their office portfolios as office building occupancy rates still trail pre-pandemic levels.
