
The first and second entries of this series on the future of Montgomery County’s office market examined how widespread telework will change the value of office space and explored various scenarios for future office demand. In this third and final part of the series, let’s dive further into what will be needed to convince office users to continue to rent physical space in Montgomery County as we enter an era in which employers can more readily work from home at substantially lower cost. The competitiveness of our more than 74 million square feet of office space is a significant factor contributing to the $1.8 billion in property taxes Montgomery County collects (from both commercial and residential properties), the largest … Continue reading