Since the first wave of COVID-19 emerged in March 2020, remote work has been the “new normal” for the portion of the nation’s labor force that is able to conduct business from the relative safety of home. Even as many professionals return to the office in the months ahead, some firms forced into work-from-home arrangements during this period may maintain flexible scheduling strategies long-term, increasing the pool of people working primarily from their residences—a group that was already growing pre-pandemic. The implications of this potential scenario for multifamily properties are significant.
In this white paper, we explore considerations around the future of remote work and present a sampling of the multifamily industry’s response to remote workers’ needs.