Will COVID-19 End Offices in Metro Phoenix? These Industry Experts Say ‘No’

Article originally posted on AZ Central on September 16, 2020

As many Phoenix residents work from home due to the COVID-19 pandemic, CityScape appears empty and void of traffic in downtown Phoenix on March 24, 2020.

Tens of thousands of people around metro Phoenix now work from home because of the COVID-19 pandemic, and it’s still uncertain when, or whether, most will return to an office setting.

Does this portend a permanent shift in work arrangements, along with long-term deteriorating of office properties in downtown Phoenix, Tempe, Scottsdale and elsewhere around the state?

Probably not — but there will be changes, say local industry experts. Many voice optimism that office settings will remain attractive to employers and the people who work for them, with metro Phoenix positioned to recover better than many other large U.S. cities.

“If you want to grow, expand, onboard (new employees) and continue your culture, those are things that all happen in an office,” said George Forristall, director of real estate development for Mortenson. Over the long haul for many businesses, “an office environment at some level will be required.”

Find Complete Article Here: https://www.azcentral.com/story/money/business/2020/09/16/metro-phoenix-office-real-estate-should-recover-industry-experts-say/5808183002/

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