In a webinar hosted by Placer.ai on the impact of remote work on urban centers, San Francisco's Chief Economist, Ted Egan, said the pandemic has permanently changed how workers utilize office spaces. Referring to the recent office transactions in the city for significantly lower values, he said it would lead to flexibility in pricing for new tenants and an opportunity for space updates. According to Egan, the pandemic has caused permanent changes in office work and a long-term impact on property values.
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