Almost instantaneously, COVID-19 has changed the way we work, live, and play. For one, the office is no longer the traditional space as we know it. Tobi Lutke, founder and CEO of Shopify, daringly went on to declare in a recent tweet that “office centricity is over” for the e-commerce company.
Source: Tobi Lutke’s Twitter Apart from Shopify, other well-known companies have announced plans to continue remote working to various degrees, even as world economies are opening up. Facebook, Google, Twitter, Mastercard, and Spotify are among a growing list of companies allowing employees to work from the comfort of their homes. This begs the question: Will the telecommuting trend be a permanent feature and cause a structural decline for commercial REITs, including those in Singapore, over the long-term? Let’s explore. Perks of #WFH In a recent survey conducted in Singapore covering 9,000 respondents from almost...
