Google extended 'WFH' through Q3 2021 & while the effect could be negative across the office/retail/multi-family sector if additional employers react similarly; there could be a silver lining.
Now this is an unpopular opinion but stay with me. Working from home isn't the panacea for combatting C-19 in work environments it was made out to be. Lack of human (read: adult) interaction is hard on teams meant to collaborate, cultivating relationships with potential customers is difficult, and families are facing the fact that the kids probably aren't going back to school in a few weeks. However, this could halt the losses in the retail sector as employees venture out of the house to work and spend dollars usually reserved for commuting. Instead of fleeing cities the multi-family sector could see a flight to quality from households, and the office sector may see companies adopt larger footprints to accommodate social distancing norms.
All of these things could happen averting the disastrous outlook forecasted for the commercial real estate and small business in general. Alternatively, none of these things could happen and we're in for a rough 2 years. Thoughts?