What is your opinion on the future of Office Real Estate?
So I invest in the Australian stock market (slowly educating myself about the American) and I can see that a lot of RE stocks have not bounced back the way that other stocks have. Now that makes some sense to me, due to the current threats/climate. However, this has left many REITs with attractive valuations and attractive dividends. 
Office REITs in particular seem to have the best valuations. Now I understand that due to working from home and other COVID related impacts, have brought in to questions the value of office space. Lots of companies have stated that they will continue the working from home trend, even after COVID ends due to the saved costs. 
However, I think this impact is overestimated. Lots of companies rely heavily on collaboration and collaboration that just works better face to face. Yes people can connect via zoom, teams etc but it’s just not the same. Also a few company managers have stated that they feels that the lower levels of control, communication and team mindset has a worse affect on productivity than the saved costs of working from home. 
So as I see it, there is a great chance a lot of companies will return to office space when this is all said and done. 
Assuming the REIT you look at is in great shape, great occupancy rates and quality tenants, they seem like a sound investment.
I’ve seen come with yields of 8-11%.

I’m really curious to put this out there and gain your opinion. 
Much appreciated and stay safe!
[{"id": "fyp18hb", "text": "I think the market valuations (and yields) you cite are evidence that the market disagrees with you about the future of office space. Buying an office REIT with a 10% yield would certainly be a contrarian bet though! If you're right you'll win big.  \n\n\nMy $.02 is that in the very long term the space will find another use, perhaps as housing. But that may take a very long investment horizon...", "replies": [{"id": "fyp5r5d", "text": "Yeah that\u2019s a good perspective. And I would have to agree. \nI understand general consensus is that office space is being directly challenged right now with the increase of remote working. However, some of the prices of these companies are just too attractive to ignore. \nLots of companies just cannot feasible work remotely in the long run. Additionally as you stated, people can find other uses for real estate even if this trend proves to be in like with current thinking. \nI\u2019ll just be sure to balance the risk!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fypd6ky", "text": "I\u2019m on Long Island and it seems office space is going pretty well here. I only have 1 less tenant than I did before Covid Atm. I lost some tenants but I also filled those spaces through a broker.", "replies": [{"id": "fypetyo", "text": "Hey that\u2019s very interesting to hear! And glad it hasn\u2019t been that bad! Have you had to negotiate down any rents or faced any other kind of downward pressure during this time?\nAdditionally, has anyone changed the way they use their space?", "replies": [{"id": "fypfbap", "text": "I gave a 3-5% discount on a few leases, those were leases that I\u2019ve had for many years so the rent escalator has been treating me very well. I noticed a downward trend about 6-8 months before covid, but so far it\u2019s been marginal. When you have A/B buildings you generally attract a much more quality tenant.\n\nThat being said I have had some absolutely low ball offers which I did not entertain.", "replies": [{"id": "fypg60h", "text": "Very interesting! Well I appreciate your perspective/experience! Very insightful", "replies": [{"id": "fypgb5z", "text": "Feel free to DM me if you have any questions.", "replies": [{"id": "fypjqjz", "text": "Will do!", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fyqfjc9", "text": "I'd look at it this way, the REITs are accurately priced, and the tech stocks are inaccurately over priced.\n\nThere's no doubt in my mind retail property CAPs are still heading upwards and will affect other categories.  \n\nOffice real estate will be fine long term but office REITS could easily see a dividend and price drop of 50% in the next 2 years.\n\nDepends on your stomach for volatility. I'd probably buy REITs over SPY right now but I'm usually wrong.", "replies": [], "depth": 1}]