Work-from-home has uprooted commercial office real estate

Knowledge at Wharton

Episode Description

Wharton Professor Joseph Gyourko discusses the future of commercial office spaces in the post-pandemic era and its impact on businesses, neighborhoods, and cities.

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Brief Summary

COVID-19 has permanently reduced demand for office spaces due to work-from-home trends.

Key points

  • The Future of Office Space. The office sector has been permanently damaged by COVID-19, with remote work reshaping demand.
  • Winners and Losers. Some landlords will thrive with modern buildings, while others face significant losses.

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