As we pass the grim metric of 500,000 deaths due to Covid-19, analysts are grappling with the pandemic’s long term impacts, including its effect on cities and work. There’s disagreement about the degree of permanent increases in teleworking and homework.
But if some office work is shifting permanently to homes, what will that do to commercial and residential real estate? There’s a lot of battling by anecdote.
Those arguing cities face major permanent losses of office work point to software provider Salesforce CRM -3.2% and its recent announcement that most of its employees can work indefinitely from home, at least part of the time. How does that relate to commercial real estate?
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