DBRS Morningstar Releases Commentary on the Ramifications of Coronavirus on Office Market

DBRS, Inc. (DBRS Morningstar) released a commentary titled “Expand or Contract? Ramifications of Coronavirus on the Office Market,” in which DBRS Morningstar examined how the fallout from the Coronavirus Disease (COVID-19) pandemic could spark lasting changes to the traditional office environment. Over the next two to three years, companies that traditionally reduced office space needs by decreasing the average square footage per employee, eliminating offices, and/or reducing the size of or eliminating cubicles altogether may look to enhance social distancing in office environments. In addition, for companies that determine that remote working arrangements have little to no effect on productivity over a traditional office environment, such arrangements may allow them to distance their employees without the need for increased space and allow for the recruiting of talent from a larger geographic base.

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The commentary is available at www.dbrsmorningstar.com.

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