We have been following a growing narrative in the commercial real estate press that the Covid-19 crisis will foster permanent changes in how companies organize and run their workforces.
Office Space Will Look Very Different Post-COVID-19 With Social Distancing
These rapidly changing needs are already having an impact on commercial real estate:
- Some employers have started discussions with landlords about downsizing their leases.
- Other may look for flexible office space rather than fixed square-footage long-term leases as they test how to operate under expanded work-from-home options.
- Co-working spaces will fall out of favor as companies forgo hot desks and communal spaces for more sanitary — and less dense — private areas.