2022 BOMA International COVID-19 CRE Impact Study

BOMA International, in conjunction with Brightline Strategies and Yardi, developed a three-part
nationwide study to gauge tenant sentiments relating to COVID-19, its impacts on their
businesses, their attitudes toward the physical work environment and office space decisions
going forward. The intent of the survey was also to assess the financial and operational
implications for commercial real estate owners and operators.

This final survey in the series fielded responses from more than 1,267 office decision-makers,
including company owners, CEOs and other members of the C-Suite, as well as influencers
ranging from vice presidents, senior Vice Presidents and directors with real estate and office
operations in their purview.

The resulting data reveals a marketplace in transition. Pre-pandemic levels of confidence in the
essential value of the office are clearly re-emerging. But corporate tenants are simultaneously
grappling with methodologies for melding that value with the growing trend toward hybrid work
protocols. Faced with that imperative, should they give back space, and if so, how much? The
data reveals that we stand at an inflection point as corporate tenants and building owners and
managers pivot toward a redefined, reimagined work environment.

Click here to download the Executive Summary (12 pages)

Click here to download the Full Study (20 pages)