Coming into the pandemic, 5% of the workforce toiled from home. Coming out of the pandemic, Brett White, Cushman & Wakefield's CEO and executive chairman, thinks that number could double.
An additional 30% of office workers were allowed to work from home one or two days a week. Speaking on CNBC's 'Squawk on the Street,' White thinks that number will jump 50% to 60% after the pandemic. Additionally, 3 million workers lost their jobs in March and April and only 1.8 million have been rehired.
White says the work-from-home group, which does not constitute a large number of people, and the agile workforce group, which is a significant number, are the "downdrafts" on office sustainability and occupancy.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
