“The rise in availability due to the loss in office-using employment induced by the COVID-19 recession has created an opportunity for tenants to explore Class A spaces that otherwise wouldn’t have been available or were out of reach due to higher costs.” -Commerical Observer

“It comes down to what we’ve been calling the three Cs: culture, community, collaboration,” she said. “The most valued things are going to be the things that enhance people wanting to come into the office more.”

In New York and San Francisco, people live in tight quarters. Those people actually need a place to work some days. Some people share an apartment in New York City, and they may have three roommates or little children. Because schools are closed, it’s very difficult for them [to work from home] some days. They really prefer to have a place to go