Did coronavirus kill the office? Despite reporting near-perfect rent collection throughout the pandemic, office REITs continue to be under pressure as the “Work From Home” paradigm threatens the long-term outlook.

Survey data and commentary from corporations indicate that the WFH paradigm is here to stay long after the pandemic subsides. Technology has accelerated the pre-existing trends of increased workplace efficiency.

While many desks still sit empty, tenants continue to pay their rent, for now. As a result, only 5 of the 26 office REITs have reduced their dividend this year.

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