The third quarter ended with regional businesses opened but many employees working from home on a flexible or longterm basis.
There is no vaccine or proven treatment for the COVID-19 virus, and it is possible that one may not be approved until well into 2021. Therefore, it is not improbable that some employees may not return full time to the office until next summer. This underutilization of office space has tenants reassessing their space needs or putting off long-term real estate decisions until the pandemic subsides.