According to Cushman & Wakefield, the downturn will be intense and short-lived, bringing a certain but nominal decrease in office activity.

The 650,812-square-foot, class-A office asset was purchased by Spear Street Capital from seller, Mirae Asset Global Investments.

The industry is already a major driver of economic growth nationally and in local markets like San Diego, and things are picking up.

With more companies announcing that employees can continue to work at home, the coronavirus epidemic may shift how and whether companies lease office space in the future.