Nearly Half of Office Tenants Likely to Reduce Square Footage, BOMA Survey Reveals

By David Kitai

A study of the COVID-19 pandemic’s impact on commercial real estate, commissioned by the Building Owners and Managers Association International (BOMA), has found that office users face widespread economic challenges but many remain convinced that in-person workspaces are crucial to their operations. They noted, as well, that landlords and property managers have successfully adapted to new needs during the pandemic.

The survey canvassed more than 3,000 office space decision-makers and influencers from August through October and was developed by Brightline Strategies. Survey data pointed to significant changes in the form and function of offices in the future despite a core need for physical space.

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