There are leases signed already. Most are long-term. At least until they’re closing to the finish line, WFH won’t completely take over. I understand companies are saying employees can work from home for the rest of the year but that doesn’t mean they’ll save on the rent money. My company moved to Hudson Yards last September. Everything was built for how we wanted it. They’re allowing us to work from home as needed for as long as it is needed. They’ve even said when we start going back, it will be on volunteer basis only and they won’t force anyone. At the same time, they won’t shut this new location down. They spent a lot of money on this and they won’t get it back. They have signed leases that most likely they can’t get out of. I’m hearing a lot about residential leases as well where some are easier to get out where as others, the landlords are not budging and are asking for 1-year rent because they know it will be just as hard to fill the space since everyone is working from home.