The pandemic has led to sweeping changes in the way that we live our daily lives. Whether or not these behavioral changes, as Marcus & Millichap's John Chang puts it, stick for the long term are the biggest question mark for commercial real estate players.

While the pandemic has impacted everything from the way we shop and buy goods to how we interact with friends, remote work is the most significant change that will impact the commercial real estate market, not only for office space but housing and retail as well.

"The behavior changes that holds the biggest impact for commercial real estate is people's ability to work from home," Chang, SVP and director of research services at Marcus & Millichap, said in a recent video. "This changed office usage and has caused or enabled people to move to the suburbs or different cities."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.