CWK - Companies start to gear up for mid-2021 return to offices - WSJ

The campaign to vaccinate people against COVID-19 may finally get more workers back to offices in mid-2021 after most office staff have spent the pandemic working from home, the Wall Street Journal reports.Office-building landlords have been hoping for a return to the office for months, especially in New York City, where many smaller enterprises, such as coffee shops and delis, depend on commuters to sustain their businesses.It may take until spring or summer of next year for enough people to be vaccinated, or who have recovered from the virus, to achieve so-called "herd immunity," according to public health officials and real estate executives.A lot rides on the pace of and timing of the return to offices  — landlords including office REITs; commercial mortgage investors, banks and mortgage REITs. In addition, commercial real estate brokers and property managers also depend on the health of the CRE industry.But the repopulation of offices

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Companies start to gear up for mid-2021 return to offices - WSJ