While many companies are declaring they plan to shift to permanent remote workers, others believe that these companies will change their footprint to focus on suburban locations.
Venus Over Manhattan is basing its arguments on "frustration of purpose" and "impossibility of performance" to free itself of the lease and get its deposit back.
Both Austin and Dallas have a long history as strong office markets and fundamentals for both markets were healthy before the COVID-19 shutdown, so KBS believes these markets will rebound.