Workers Are Returning in Person, but Is It Too Soon for Office REIT Holders to Rejoice?
If there's one sector that's taken a serious beating in the course of the pandemic, it's office REITs, or real estate investment trusts. At this point, workers have been doing their jobs remotely for two years and counting. And the fear among investors is that office occupancy levels won't ever return to pre-pandemic levels.
That may or may not hold true. The reality is that after two years of remote employment, a lot of companies are realizing that this setup actually works. Not only that, but there are savings to be reaped by keeping staff remote.
Companies that continue with remote work once returning to the office is safer can spend less on leasing costs and reduce their overhead. And maintaining remote work arrangements also makes it possible for businesses to widen their talent pool.
Source Fool.com
