How does one resolve a problem they can't even identify?
Work from home is here to stay and the office is necessary. We don't know, however, the level of blending. Sure the labor market is loosening and yes, companies are pushing employees to come back to the office, but to even know what an accepted buildout looks like?
And even if we did, would they give the landlord enough term to amortize those high construction costs across?
Until we identify the problem we will see continued financial stress and collapse of downtowns.
#workfromhome #backtooffice #office #downtown #cre #crepodcast #creinvent
