Depending on lease terms, expenses related to COVID-19 might fall on the tenants and not office owners.

San Francisco is among markets seeing the most fallout in terms of increasing sublease space.

Fund mangers could lose $2 billion on credit-risk-transfer securities, which shift the risk of borrower defaults from the GSEs to private investors.

In cities including New York, San Francisco and Seattle the high cost of living led to higher wages. Remote work might change that.