• June 15, 2023

Work From Home and Its Impact on Commercial Real Estate

Work From Home and Its Impact on Commercial Real Estate

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Some behaviors are sticky & stay long after the initial stimulus that caused that behavior has gone.

Work-from-home had a massive impact on certain technology categories which saw a boom in their subscription numbers.

It had and will continue to have a negative impact on other aspects of our economy such as commercial real estate and all businesses that’re associated with it.

This isn’t a SF-only or USA-only story.

Urban Planners everywhere need to have a comprehensive & up-to-date understanding on where their citizens live, work & play and adapt accordingly.

Location intelligence is now a key enabling technology in any organization’s tech stack rather than just a nice-to-have.

Without it, one would be planning & executing those plans for a population in the 2010s instead of the 2020s and beyond.

https://edition.cnn.com/2023/06/06/business/global-companies-office-space-cuts/index.html