In 2020, over 30 years later, futurist and management guru Peter Drucker’s prediction came true with a bang. With the mandated COVID lockdowns, suddenly everybody had to learn to work from home. Office occupancy plummeted from 90% to 10% and we all learned about how to Zoom. Since then people are going back to the office, but occupancy still averages only 40 to 50% depending on the market, and in New York lower. So what’s going to happen next?

Commercial real estate expert John Scheurer and I discuss the current state of the market and where it’s likely to head once the Coronavirus is behind us.