Taubman Centers shareholders overwhelmingly voted in favor of the company's merger agreement with Simon Property Group despite Simon's pending lawsuit seeking to terminate the deal.

"If it is proven that some business functions can be run successfully through remote working, tenants may decide not to house such operations in their office space once we reach the new normal."

"For investors looking for exposure, we continue to favor stable, grocer anchored portfolios with positively trending rent collection statistics rather than trying to push further out the risk curve."

While open offices are still usable, the ultra-dense benching configurations are dead and at the very least, companies will need to firmly establish a rigorous cleaning schedule and evaluate the HVAC system, says Amy Bradac.