This presents huge issues for real estate property owners, many of which have vast office space holdings. UNCHARTED TERRITORYGoing forward, we will see two economies emerge – a digital one that will thrive and a physical one that will struggle for survival. For years, banks have been reducing their physical footprint to cut costs and adapt to customers who want to handle their finances online. Even financial advisors, who once thought having office space and meeting with clients in person was non-negotiable, are starting to embrace working from home and video meetings on Zoom. All of it vastly reduces the need for not only office space but also business travel, which in turn will hurt airlines and hotels.

Source: Forbes August 12, 2020 15:11 UTC