We’re in the midst of an economic crisis. As businesses across America struggle to cope with record inflation and skyrocketing overhead, we have reached a breaking point. At the same time, this is a unique situation with the emergence of remote working. Companies that have taken advantage of remote working have seen dramatic reductions in the utilization of their commercial spaces. So, we are looking at a recession while simultaneously the method in which we work has been flipped on its head. What does this translate into? It is an opportunity for corporate tenants to slash their overhead by improving the efficiency of their CRE portfolio. As tenant reps, we have seen how the commercial real estate industry has changed in the last few years. The WFH movement and an impending recession initiated a drop in real estate demand.

