Despite the overall successful shift to working from home, offices are not a thing of the past, according to a new report from real estate investment management firm Black Creek Group.
While there are potential cost-savings to having employees permanently work from home—notably, spending less money on office space—they want to be back in the office for at least a few days a week as the Covid-19 pandemic wears on, the report found. It added that over time a fully remote work force suffers declines in collaboration and productivity.
"Investors owning multi-tenant office buildings that provide flexible configurations in desirable, lower cost-of-living cities or suburban markets could benefit," Black Creek said in the report.
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Meredith Hobbs
Meredith Hobbs writes about the Atlanta legal community and the business of law. Contact her at [email protected] or 404.419.2837. On Twitter: @MeredithHobbs.
