What The Work From Home Movement Means For Office Real Estate

What The Work From Home Movement Means For Office Real Estate // The work from home trend is winning right now, and the US office market as a whole, has been struggling bigtime since the spring of last year.

With tech giant Salesforce among the latest of dozens of major companies announcing an indefinite work from home option earlier this month, and their president and chief people officer saying the employee experience is about more than ping-pong tables and snacks, the creative office model that drew in tech workers to companies like Google in the early 2010s seems to be going away, and going away fast.

So in this video, as a follow-up to last November’s video on the state of the office market rounding out 2020, we’ll take a look at what the data is telling us about the office market today, and if things are starting to look up for office investors, or if we’re just seeing the beginning of a struggling office sector heading into the new year.

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Research and articles referenced in this video:
https://www.bisnow.com/national/news/coworking/coworking-sublease-model-dying-brokers-owners-knotel-newmark-107712
https://www.bisnow.com/dallas-ft-worth/news/office/48-of-corporate-real-estate-pros-expect-office-footprints-to-shrink-post-pandemic-107714
https://www.us.jll.com/en/trends-and-insights/research/office-market-statistics-trends
https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-office-marketbeat-reports
https://www.cbre.us/research-and-reports/US-Office-Figures-Q4-2020
https://www.salesforce.com/news/stories/creating-a-best-workplace-from-anywhere/
https://www.corenetglobal.org/stayinformed/newsdetail.aspx?Itemnumber=44626
https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/us-office-marketbeat-reports
https://www.businessinsider.com/dropbox-letting-all-employees-work-from-home-permanently-2020-10#:~:text=Dropbox%20is%20going%20remote%20%E2%80%94%20permanently,were%20more%20productive%20at%20home.
https://blog.dropbox.com/topics/company/dropbox-goes-virtual-first
https://www.businessinsider.com/spotify-unveils-new-remote-work-option-for-all-employees-2021-2
https://newsroom.spotify.com/2021-02-12/distributed-first-is-the-future-of-work-at-spotify/
https://www.retailwire.com/discussion/rei-is-going-remote-and-selling-its-corporate-headquarters/
https://www.rei.com/newsroom/article/rei-co-op-completes-sale-of-bellevue-washington-headquarters
https://www.rei.com/newsroom/article/rei-co-op-to-pursue-sale-of-headquarters-embrace-distributed-work-model
https://www.hines.com/case-studies/salesforce-tower
https://www.shopify.com/blog/working-remotely-for-the-planet
https://www.ngkf.com/insights/market-report/national-market-reports
https://www.pwc.com/us/en/library/covid-19/us-remote-work-survey.html#content-free-1-0f39

Видео What The Work From Home Movement Means For Office Real Estate канала Break Into CRE