Article Share: The Downsides of Working from Home

“The Downsides of Working from Home,” got us talking about new norms in the commercial real estate market. Among them, landlords are doing base building improvements with touchless common areas and increasing filtration and outside air intake for HVAC, and large renovation tenants have begun asking for HVAC upgrades during lease negotiations. More subleases are hitting the market due to corporate downsizing in reaction to successful work-from-home scenarios and/or future growth concerns tied to an uncertain business future. In the next 12 to 18 months we predict that it’s going to be a tenant’s market, as the subleases will be followed by direct space vacancies.