Summary List Placement
As widespread remote work became a reality in March amid the COVID-19 outbreak, and as some firms gave employees the go-ahead to work remotely forever, some investors have been sounding the alarm about the future of commercial real estate. Forecasts have indeed at times been bleak. Moody's predicted in a March report that retail vacancies could hit almost 15% by the end of next year. The decreasing population of some of America's biggest cities as remote work becomes more possible has also boded poorly for their respective real estate markets.