Jonathan Wasserstrum, the founder and CEO of Squarefoot, a commercial real estate and office space firm, told ABC News that he still believes there will still be a demand for offices, though this pandemic will likely change how long people are willing to commit to their lease terms.
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Eugenie Fanning, VP of People at SquareFoot, the New York-based commercial real estate startup, says that during these difficult times, she is trying “to be as honest and transparent” as she can be with her team. But at the same time, she admits that she doesn’t know what the future holds.
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They say you can’t go home again, but that’s exactly what many 20-something New Yorkers did when it started to look like their adopted city would become a coronavirus hot spot. Haley Walker, 24, a senior product analyst at SquareFoot, decamped for her parents’ house in rural Vermont only to be met with a chore when she arrived: set up her mom’s new remote workspace.
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Across the United States, millennials and Gen-Z professionals are escaping dense cities by moving back into their parents’ homes. Jonathan Wasserstrum, 37, the chief executive and a co-founder of SquareFoot, which helps companies find office space, is currently living at his father-in-law’s house in Mamaroneck. With his pregnant wife due in two months, they felt it would be better to be settled somewhere with more space and with extra sets of hands.
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The scene at New York real estate firm SquareFoot is playing repeatedly across the U.S. as workplaces make a mass shift toward allowing employees who can to work remotely in a bid to slow the spread of the coronavirus.
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