Coronavirus outbreak: Pandemic could shrink office space as more people move to work from home

The acceleration of the work-from-home trend as a result of the coronavirus pandemic could push companies to downsize their offices and pressure leasing prices.
The pandemic could accelerate the growing trend of Americans working from home, especially now that apps such as Zoom and Microsoft Teams make it possible to collaborate remotely, and that could push companies to downsize their offices, pressuring leasing prices in places like Manhattan.