The death of office space

[Reinaldo Lopez]

If companies start telling workers to start working from their homes and office buildings start going empty, how would this affect the residential and rental markets? How communities will spread out of the cities congested streets? 

https://seekingalpha.com/article/4351408-death-of-office?utm_source=push&utm_medium=onesignal&utm_campaign=20-06-03-article-2

[Calvin Lin]

I remember working in NYC with a Wall St firm on Sept 11, 2001 (my company had > 2,000 employees in 1 of the WTC towers).  After that my company decided to open suburban remote offices on LI, Westchester and NJ to lessen concentration of workers in 1 single location.  Now fast forward to 2014-2015, > 10 years has passed and not a single major attack has occurred in Manhattan, so they decided to close these offices for the most part and moving most back to Manhattan.  5 years later Covid-19 happens, and now protest & riots where you can't safely go into an big office building anymore in NYC. 

I hate to sound doom & gloom but if someone is in charge of corporate office planning for 10 years he or she would not be doing his/her job correctly if they don't see where the risk lies in having most of your employees in a big city setting.