The pandemic upended offices with vacancy rates hitting all time high in some cities as the chart below shows. This has impacted property valuations and changed the landscape for entire vicinities.
Interestingly, it also reflects work culture in different parts of the world and different industries. Asian workers tend to head back to office while tech startups are resisting.
But if we can stretch on the horizon, we should revert to norms over time and therefore it might be a good time to start buying office reits now!