Considerable shift in store for commercial real estate market post-coronavirus, Richardson expert says

Experts have said that changes to the way companies do business post-coronavirus could have lasting impacts on the commercial real estate market. “[The] office [market] is going to change big time, and nobody really knows what it is going to look like,” said Mac Morse, an advisor with Citadel Partners, a commercial real estate advisory firm. Companies that formerly viewed working from home as the antithesis to productivity are now questioning whether it is worth spending thousands of dollars a month on rent, Morse said. “This could 100% lead to fewer office leases in the future,” he said. Nine of the commercial transactions Morse was handling prior to the pandemic have fallen through. Another five are on hold for the foreseeable future, but Morse said there is a good chance those could be off the table as well. Click to read more at