Same. I’m remote and never going back. I don’t understand how it’s still not crashing.
I’ve got some passing familiarity with how corporate office RE works. I’d say a big regional office with say 120,000SF of space will need less than half that post-Covid. 2/3rds on the upper end. There may be businesses needed the full 120kSF, but there will be those who need less than 30k. I am amazed we haven’t seen more give backs to the banks like with the San Francisco Union Square hotels and the SF in-town retail mall. There are other considerations besides post-Covid realities in SF, but the underlying issues are still there.
And you’re already ahead of me on the SF stuff. We’re very much on the same page here.
Ditto here ... I'm a country boy now!