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Telework, economy complicate search for new office space

A glut of available office space for lease means tenants can get good deals, but many organizations are deciding instead to stay put

American Bankers Association conference roomThe American Bankers Association’s new digs in Washington, D.C., will feature a conference room with panoramic views. ABA will occupy 87,000 square feet starting in late 2022.
Photo: ABA

June 25, 2021
By Walt Williams
Associations searching for new offices will find plenty of options—and many potential bargains—with vacancy rates in major hubs like Washington, D.C., and Chicago at or near record highs. The question is whether they need all that space.