Office Space: Pandemic Redefines Commercial Real Estate Industry

According to Global Workplace Analytics, a research-based consulting organization specializing in telework, a recent survey shows that we will see 25-30% of the workforce working at home on a multiple-days-a-week basis by the end of 2021. Commercial real estate expert Stephen LaMure, owner of Dominus Commercial, said how the industry reacts to the pandemic should really be broken down into three major parts: office buildings, industrial and retail. All three are experiencing some major changes, both in good and potentially bad ways. “Right now, it’s a little bit of a wait and see. Especially with this uptick in COVID-19 cases,” said LaMure. He works in Dallas’ design district and believes only 20 percent have come back to their offices in his area. He said overall, the pandemic has really caused companies to rethink whether they want to permanently work from home or alter their office space. “Most of them said they needed to redesign their space to be able to spread out,” he said. “A big part of our business is talking to companies about their values and their purpose and what their culture is. How do you get a space and work environment that supports that or projects that?” In the last few months, some companies like Twitter and Square have already made the call to let some employees stay at home for good. Click to read more at