Read the full story at GreenBiz.
In June, a San Franciscan tweeted a photo of three moving trucks on the edge of the city’s financial district near Chinatown and commented that he has seen over 30 in the area. At least anecdotally, both people and companies are leaving town. They are moving out of office buildings because they don’t need them.
But even if remote work becomes the long-term norm for every company post-pandemic, humans still like to work together. There’s still a part of us that wants to physically come together to collaborate and connect. So real estate strategies may turn towards smaller neighborhood satellite offices in multiple suburban locations, instead of one massive complex that serves an entire region or, in some cases, an entire state.