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Updated over 4 years ago,
Work-from-home long-term effect on real estate?
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