By Mark McDonald, president of visual lease and CoStar real estate manager The recent shift back to in-person work isn’t a mere passing trend, and it’s forcing companies to reassess their office leases and how they manage them. According to resume.org, industry estimates suggest that around 75 percent of companies that were formerly remote have now implemented some version of RTO (return-to-office) since the pandemic. Many large, publicly traded companies spanning various industries, including tech (Amazon, Dell) and financial services (J.P. Morgan), are requiring employees to work onsite full time. As RTO continues to gain traction, more organizations are closely evaluating their real estate strategies, looking not only at how much space they need, but also where, when and under what terms they need those spaces. As leaders make these difficult and often high-stakes decisions, many executives are recognizing the importance of quality lease portfolio management. This involves tracking, analyzing and optimizing an organization’s leased properties with actions like consolidating space, exiting underused locations or renegotiating existing terms. So how exactly is RTO reshaping lease management, and why is accurate, real-time lease data now a critical asset for fast, informed business decisions? Rethinking Lease Management in the Era of RTO …
