In the wake of the pandemic, companies are finding they need to reevaluate their commercial real portfolios. This is the second in a series of three articles looking at some accounting advice from Deloitte. The first article can be found here.

Perhaps nothing changes, but allocation of resources could well change after a review. Maybe businesses decide they need less office space with people working at home, or perhaps a company has people working remotely and chooses to obtain distributed temporary or flexible space rather than single large buildings for hundreds or thousands of employees. 

The changing nature of the pandemic, with the surge in the Delta variant, has set some companies pushing back their office reopenings. More operational issues, and real estate implications, continue to be up in the air.

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