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Remote Work and the New Reality of Commercial Real Estate
After the onset of the COVID-19 pandemic, businesses migrated to remote work on an unprecedented scale -a great experiment, the ripple effects of which are many for real estate. As parts of the business world adjust to working from home, some are finding multi-year office leases may no longer be required or, at a minimum, their needs for physical space will decrease. Others are looking to downsize given the impact of the recession on revenues. What does the future hold for commercial real estate