1 Major Firm May Be Giving Up on an Office Return. Will More Follow?
It's hardly a secret that the omicron coronavirus outbreak has forced a lot of companies to rethink their office reopening plans. And that's on top of the delays employers were forced to grapple with when the delta variant took hold over the summer.
At this point, many companies that had wanted workers to return to the office in January are postponing their reopening plans indefinitely. And that's not great for real estate investors -- particularly those with office REITs, or real estate investment trusts, in their portfolios.
But a recent decision on the part of consulting firm Deloitte paints an even bleaker picture for office REIT investors. And if more companies follow its lead, it could deal a serious blow to the sector.
Source Fool.com
