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Architecturally, nothing will prevent getting COVID, but using change management strategies to make people more comfortable returning to work are helpful, says Christopher Goggin, Gensler principal.
An analysis by JLL finds that landlords and companies are turning to technology to help protect the health and safety of employees who are returning to the office.
There are a combination of renewals, new deals and expansions/extensions but at the end of the day, this is still real estate and "you just have to be creative and find the right solution for each tenant", Mike Silliman says.
Despite COVID bringing a halt to many sales, prime San Francisco neighborhoods are in demand with well-priced multifamily buildings receiving multiple offers and value-add investors are looking for Sacramento opportunities.
"Before we bid farewell to the office market, we should be reminded that this property sector is resilient. It benefits from a few underlying fundamentals that give it strength during times of market disruption," said Trepp's Lonnie Hendry.