Understand that WFH is not the best way for business operations, but what do you think of its impact on REITs and how can REITs mitigate this risk?

As we understand from Glassdoor economic research, Work from Home (WFH) has been implemented in U.S. since1990s, with more than 54% benefitting from WFH entitlements even before the COVID-19 pandemic. The latest WFH study by Gensler indicates that only an incremental 2% of U.S. workers have expressed their preference to WFH full-time due to COVID-19, and most workers would like to return to the workplace.

From the perspective of employers, a physical office space is important for building and maintaining brand/culture, driving connectivity and collaboration between employees, retaining talents, increasing productivity and more.