Post Pandemic Commercial Real Estate Options

Many business owners are trying to imagine and plan out their post pandemic commercial real estate options. As many businesses have adopted work from home policies during the shutdowns, many business owners and executives are now trying to assess what space is necessary and what can be taken permanently out of the mix. The return to the office may see some changes in 2021.

In a recent Wall Street Journal article, "The Death of the Desk", author Chip Cutter, discusses changes with a variety of businesses like, Dropbox, ADP, and others. Cutter shares an eye-opening statistic in this article: "87% - The share of executives who expect to make changes to their real estate strategy over the next 12 months."

As owners and executives are assessing their needs, many are finding that a continuation of the work from home model is a fit for their business. However, they also found they need to have "collaboration space" for their teams to meet face to face, when the opportunity calls for this type of interaction.

Each business is unique and their solutions should equally be unique. The team at Appro and Cerron have been helping businesses understand their options and have assisted in creating unique commercial property solutions for more than 30 years. 

As you assess your space needs in 2021, considering commercial property leases or commercial real estate to own, we hope you will consider reaching out to our team to assist you and your team.