Coronavirus set to usher in big changes at U.S. offices
Companies, agencies, institutions, etc
Reuters
Microsoft
Google Hangouts
AEW Capital Management LP
SL Green Realty Corp
Vornado Realty Trust
S&P
CenterSquare Investment Management
Spectorgroup in New York
Colliers International
Grant McCoolAll
All Rights Reserved
People
Gina Szymanski
Scott Crowe
Newmark Knight Frank
Steven South
Scott Nelson
Herbert Lash
Alden Bentley
Groups
Americans
Physical locations
Plaza District
South
Places
Park Avenue
Times Square
Locations
YORK
U.S.
New York
Boston
Manhattan
Philadelphia
Atlanta
Events
Far West Side
Summary
“Work collaboration apps will likely have a long-term impact on office (space) similar to the impact that mobile shopping had on retail,” she said. “It’s going to accelerate this move to newer office space and it’s going to suck the life out of non-quality assets, this transition from older stock,” said Scott Crowe, chief investment strategist at real estate-focused CenterSquare Investment Management in Philadelphia, who added that the premium between new and old space has been increasing “exponentially.” Manhattan is in the midst of the biggest boom of new office towers since the 1980s. Scott Nelson, chief executive of occupier services at Atlanta-based brokerage Colliers International, said that while office space demand overall will slacken as companies accommodate a workforce that chooses to work from home, some will rent the same amount of space, but design it less densely for fewer workers to maintain social distancing.
As said here by Herbert Lash