Telecommuting Impact on Real Estate

[Brian Driscoll]

Hi all. Newbie investor here. The only property I own right now is the one I live in, a condo in Somerville, MA. I've been doing a lot of reading and meditating on where the next opportunity will be coming out of where we are at right now. One topic that I keep re-visiting is the long term impact of telecommuting on the value of real estate in non-traditional areas. As someone who lives in the city, part of the draw of being here is proximity to high class educational institutions, but also proximity to the Boston tech scene for jobs. My feeling is that a lot of companies are going to think more critically about embracing employees working from home, both from the ability to reduce overhead in rent/lease costs, but also because employees are going to become more efficient doing such. 

What are some thoughts on how telecommuting will impact real estate value?

Brian