Work-from-home long-term effect on real estate?

[Michaela G.]

With many corporations now supposedly considering work-from-home as the new normal, what do you think the effect will be on real estate? 

Will residents of studios or 1 bedrooms now want to move up to larger units? Will a couple, who had been happy in a 2 bedroom want to/have to move up to a 3 or 4 bedroom, because 1 or both need an office space? 

Will corporations pay extra, so that employees can afford to have the extra space or will they sell it as a benefit to the employee and gladly keep the savings from not having to provide office space? 

Will smaller units, that may have been in big demand by single people now sort of lose their shine?

And what will it do to commercial real estate? Office space?
https://www.cnbc.com/2020/05/01/major-companies-talking-about-permanent-work-from-home-positions.html?fbclid=IwAR0YxcT7BUGTPyt35C7Z7uiQOPmwB229LYCweWZktnkMKVEymtVj7mIPD04

[Joel Owens]

I think regular office could see a massive oversupply of space even with no new buildings constructed except for highly supply side constrained areas.

If there is for example 10 million sq ft and 90% occupancy and existing tenants now want 40% less space then existing inventory of lease able space could skyrocket even with no new construction. COVID can have more social distancing implications and cause companies for office to need more space and less people allowed to work there. That can cause problems as the companies won't want to pay more rent for space that just occupies air and landlords won't want to provide negative space that they can't collect rent on but still cost money to maintain.

I have never liked the office space sector for commercial investing and really do not like it now. I think there will be more work at home, micro meetings locally at hub spots for (office work teams)with certain departments, and more technology to work remotely. Spending hours of time in traffic is a waste of time and production for most companies.