For Green Street Director of Research Cedrik Lachance, the pandemic's defining commercial real estate story may ultimately be the work-from-home trend.
"Choosing where one does work has meaningful impact to not just office, but to residential, hotels, and suburban shopping centers, which will all have different fundamentals based on the decisions that people make," Lachance said in a recent blog post.
Lachance says implementing a hybrid workforce scares many companies as they try to manage workforces where some individuals want to be in the office five days a week and some individuals never want to see an office again.
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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.
