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Waiting for the Ball to Drop April 21, 2021 Commercial real estate experts say a leasing boom is around the corner. There is a quote regularly misattributed to evolutionary biologist Charles Darwin that goes: “It is not the strongest of the species that survives, nor the most intelligent, but the one that can best adapt to changes in its environment.” The quote was actually spoken by Leon C. Megginson, a management and marketing professor at Louisiana State University. But it holds just as true for business as it does in the jungle. For commercial real estate agencies, COVID-19 has meant a year of seismic shifts, and paying close attention to industries as they adapted, or failed to adapt, to the new economy. ....
In downtown Portland, they re the only one at the office White collar workplaces sit empty, except for pockets of resistance, across the Portland metro area The office used to be a compulsory home-away-from-home. You had to go in, you had to commute, you had to look busy to get your check. It was a place to work, network, brainstorm, gossip, banter and mingle with your unchosen family. COVID-19 put paid to that. Work from home (WFH) became a way of life for anyone who doesn t work with their hands or directly with people, and many folks haven t seen their cubicle since March. ....