If you're in the office sector of CRE, you probably don't want to hear about work from home. The asset class has taken a big hit, with national occupancy running between 40% and 45%, according to Deloitte Consulting — down big time from pre-pandemic's 61% to 65%.
The fewer people regularly in an office, the more a CEO and CFO have to consider whether keeping all the space they have is worth all the money it costs.
But consider for a moment the question of working from home in a different light. Not what it means for office owners and operators, but what it might mean for companies themselves. Even those in CRE.
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