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Fitch ran various stress scenarios to determine how telework would impact demand, rent and net cash flow on 2012-2020 vintage office CMBS transactions.

Right now most leases are rolling over at the same level and/or at the same rate, according to Moody's Analytics REIS.

But more jobs will be created to backfill the lost office space, he also says.

Most banks will likely stop writing those contracts by June to allow a six-month grace period.

Law firm leaders are closely eyeing the savings on real estate when more employees are working remotely. 

Cushman & Wakefield served as the exclusive advisor to the firm and procured the floating-rate financing for the 25-building portfolio.

Repurposing existing assets is a major area of opportunity for investors, according to C&W.

"It is rarely a good sign when the industry begins labeling sectors 'bulletproof.'"