Throughout the global COVID-19 pandemic, real estate news has been dominated by what it will mean for the future of offices, with media outlets speculating that occupiers will be ridding themselves of now “redundant” prime real estate, keeping their workforce at home and saving money in the process, according to Nuveen Real estate.
“Bank and tech firm CEOs have set alarm bells ringing across the real estate community with headline-grabbing comments about the possibility of downsizing their offices should working from home become the post-pandemic norm, but we’ve been here before. The advent of the internet had people pondering if the traditional office was extinct — and yet, here we still are,” commented Andy Schofield, global lead of office sector at Nuveen Real Estate.
Nuveen Real Estate believes that, far from being the downfall of the office sector, the pandemic will in fact accelerate new ways of working in the traditional office space.
“Disr
