If you're in the office sector of CRE, you probably don't want to hear about work from home. The asset class has taken a big hit, with national occupancy running between 40% and 45%, according to Deloitte Consulting — down big time from pre-pandemic's 61% to 65%.
The fewer people regularly in an office, the more a CEO and CFO have to consider whether keeping all the space they have is worth all the money it costs.
But consider for a moment the question of working from home in a different light. Not what it means for office owners and operators, but what it might mean for companies themselves. Even those in CRE.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
