1 Piece of Good News for Office Investors and Bad News for Tech Employees – The Motley Fool

When the COVID-19 outbreak erupted again in early 2020, many staff have been informed to pack up their desks And start working distantly to journey out that preliminary wave of infections. Little did All of us know that two years later, distant work would nonetheless be going strong.

However That Can be altering. After An monumental surge in COVID-19 circumstances gasolineed by the omicron variant, case numbers are lastly wanting extra manageable on a nationwide diploma. Furtherextra, the CDC has modified its steerage relating to COVID-19, and An factor of that change consists of discovering methods to coexist with the virus. Which means Most people Not Want to masks up in public and pandemic-associated restrictions can lastly ease.

This shift has additionally prompted extra employers To start out calling staff again to the office. Truly, in current weeks, Pretty A pair Of huge-identify tech corporations have made agency plans for staff to return to the office by late March or April.

Picture supply: Getty Pictures.

That is in all probability not Definitely one of the biggest information for tech staff. After two strong years of distant work, many might have gotten used to their at-house associations. And at a time when gasoline prices are hovering, The thought Of Attending to pay to commute might not sit properly In any respect.

However from an office REIT (exact property funding notion) perspective, This alteration is A very constructive one. And It’d be simply the factor To current exact property buyers hope.

A boon to office REITs

The prevalence of distant work has triggered many office REITs to take Worthwhile As a Outcome of The start of the pandemic. Furtherextra, many buyers have, for months on finish, …….

Source: https://www.fool.com/real-estate/2022/03/24/1-piece-of-good-news-for-office-investors-and-bad/