Is This Trend a Bad Omen for Office REITs?

Office building owners have been under pressure this year due to the impact the COVID-19 outbreak has had on the sector. Many companies easily adapted to working remotely thanks to the rapid adoption of communication tools like Zoom (NASDAQ: ZM) and Slack (NYSE: WORK). While most office REITs firmly believe that their tenants will return to the office as they had in the past once the outbreak is over, the current wave of new cases is causing more office workers to stay home, according to recent data.