SAN FRANCISCO—During COVID-19, the office market has gone dark. Firms have embraced the ability to work remotely, company heads have announced the reduction of space and the reported 40% increase in remote employees foreshadows tough quarters ahead.
"Fortunately, fears and figures don't tell the full story," Zain Jaffer, founder and CEO of Zain Ventures, tells GlobeSt.com. "While it's too early for conclusions, there are a number of counterforces and niche considerations that make up the larger picture. COVID-19 is a global pandemic, but the impact it leaves on the office real estate market will not be distributed equally."
A Shared Reality
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
