If remote work remains the norm, office real estate may not recover or must be repurposed, which can be costly.
This makes office space a risky investment. If remote work remains the norm, office real estate may not recover or must be repurposed, which can be costly. In the meantime, loans may come due before per-space leasing rates rebound, increasing foreclosures, further pushing up vacancy rates, and pushing down per-square-foot values.