Originally published by Alan Joel for NAIOP on August 6, 2020.
The must-haves for the office of the near future may not be the same as they were six months ago. Since the COVID-19 pandemic has reshaped the way people live and work, every community has had to take stock of how their future office space and common area amenities can be safely occupied. As businesses across the country are in various stages of reopening, office real estate experts on opposite coasts shared how their clients are reimagining their office space.
Adapting for the Short Term
Stefan Rogers, senior vice president, Voit Real Estate Services/CORFAC International, said Orange County, California, business owners who have transitioned to a remote workforce are extending that policy instead of retrofitting their existing space to enable a return. This way they avoid incurring a potential short-term capital expense in a space they’re not sure they may need in its current format moving forward.