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Corporate Goals In Leasing Suburban Office Space During the Pandemic

Jul 1, 2020 | Posted by Jeff Weil | Commercial Real Estate, Newsletter, Office Space, Sublease, Tenant Improvements, Tips for Tenants, Trends, U.S. Economics, Uncategorized, Workspace |

There have been a number of reports, both regionally as well as nationally, that predict corporations will begin leasing suburban office space to accomplish several goals. First, they need to increase employee separation during the pandemic, and it is much cheaper to lease space in the suburbs to accomplish this. Secondly, companies that are above the 5th floor in office high-rises have the challenge of getting employees in and out of their office facilities, and with many buildings limiting elevator cab capacity to 2 to 4 people there may be long lines (six feet apart, wearing masks of course) waiting to ride up in a small enclosed space with strangers who may or may not be Covid positive. Thus if companies can lease space out where their employees live they eliminate this danger as well as possibly public transportation as most suburban office space has free parking.

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Jeffrey Weil, CCIM, MCR.h, SIOR

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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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