The Delta variant has forced a handful of big-name companies to push back their return to the office by a month or more and in some cases all the way into 2022.
Twitter, for example, is closing its recently reopened offices in San Francisco and New York and will indefinitely postpone other reopening plans. Apple pushed back its return to the office date to Oct. 1, a month later than initially scheduled. Google has extended its remote work policy until mid-October. Game-maker Roblox has postponed its return to Jan. 4, 2022, from mid-September. Software provider Asana won't have employees return to the office until February.
If more firms follow these companies, the future of the office asset class will be even more uncertain than it already is.
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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.
