JBGS - What will a delayed return to the office mean for office REITs?

A new report from Bloomberg suggests that Apple will become the latest corporation to delay the return of its global workforce to the office (until at least January). Wells Fargo and Chevron have already postponed their September returns following an uptick in coronavirus cases, while Amazon and Facebook have pushed their return into early next year. Lyft is only calling employees back to its San Francisco headquarters in February, about two years after it first closed its offices. Connecting the dots: Employees may now stay at home a lot longer than initially forecast, making it harder or more disruptive for them to return them to the office. New routines have been developed during the pandemic, like swapping commuting for exercise or spending more time with family. Some are even thinking that the return to the office could weigh on productivity or make it harder to attract new employees that are

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What will a delayed return to the office mean for office REITs?