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Could Google’s Decision to Delay Employee Return until July 2021 Portray a Long-term Pandemic?

Jul 29, 2020 | Posted by Jeff Weil | California Economics, Commercial Real Estate, Newsletter, Office Space, Trends, U.S. Economics |

There has been a lot of hype on the world getting a vaccine in late 2020, or early 2021, after which life will hopefully return to normal. However the announcement by one of the smartest and largest corporations in the world, Google, that they will let employees work from home until at least July 2021 leads me to believe we will be in this mess much longer than most of us had planned for. I expect other tech companies to follow suit, but what does this mean for corporate America and planning for office lease renewals and relocations? Back in 2018, Google had 19.9 million square feet of office space in the Bay Area alone, with millions and millions more in its other offices around the world.  Clearly this is an expensive decision and one that puts its employees first.

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Jeffrey Weil, CCIM, MCR.h, SIOR

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1850 Mt. Diablo Blvd., Suite 200
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Phone: +1 925 279 5590
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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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