Question
We know from studying commercial real estate that rents are driven by demand. The current Covid crisis has forced office workers to shelter in place
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We know from studying commercial real estate that rents are driven by demand. The current Covid crisis has forced office workers to shelter in place and to work from home. Many services companies have found that working from home is a viable option to renting office space. Companies are questioning how much office space they need post Covid. Many companies are subleasing space. And, as office leases mature, many companies are deciding not to renew them. Working remotely is facilitated by new technologies like Microsoft Teams, Zoom, and Google Plus. This experience would suggest that demand for office space post-Covid should decrease. As a result, rents in the office market should decrease? True False
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