Many of those who are still working are able to do so at home and some may question the need to return to an office setting when the jobs can be done at home.
Naturally, this could mean shrunken office sizes or even vacant ones entirely because business owners can save on operating costs.
"They can certainly do it remotely and don't have to go into the office," Saperston said.
Building owners would be the most impacted because they would lose out on rent. Saperston doesn't expect major buildings like One Seneca Tower to be impacted because of the high-tech jobs that would be in that building that require a hub.
He also expects a decrease in rent costs in the future because of the large supply and little demand.
George Hamberger, an associate broker with Hanna Commercial Real Estate, said that there has been a general decrease in the need for office space over the years because of the rise of digital technology, which led to decreased use of file space.
"This is just another step in that whole process of how much you can do outside the office and get your job done," Hamberger said. "If people are still going to work in an office, the manager of the business would then work with the landlord to maybe redo the design and layout of the office space because people might come in for just an hour or two."
Hamberger said there may have been a reluctance by some industries to have workers operate from their own homes prior to the pandemic. Since many are now forced to work from home, that mindset could change after the pandemic finishes.
