
In part 1 of our Future of the Office Market series, we explored how the advent of widespread teleworking in response to COVID-19 may change the value companies place on having centralized office spaces. The reduced need to work from the office will change the amount of office space we need and the types of offices and office districts in which we work. To compound the problem, office vacancy was high in Montgomery County’s 72.5 million square feet of leasable office space and much of this space was poorly suited to modern needs. Media coverage of our 2015 Office Market Assessment prominently highlighted the challenge we face with ‘dying’ office parks. Media continues to focus on economic development challenges … Continue reading