The fallout from the coronavirus pandemic could spark lasting changes to traditional offices, according to a DBRS Morningstar report, including a "fundamental rethinking" of the open office concept and an increase in office vacancies nationwide.
"Because there is unlikely to be one solution that works for every company, we expect to see broad experimentation with the way workplaces are organized," the report said.
In the short-term, there will be less effect from work-from-home arrangements because many tenants are locked into relatively long-term leases.
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Christine Simmons
Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons
