“It’s going to be very difficult to take the office out of people’s lives,” Gopal Sarma, a partner with Bain & Company, told CNBC. 

The mass migration toward working from home may not become the new norm, Sarma said, but there will be a definitive shift toward working from lower cost locations going forward.

“Geography is history,” Sarma said, as businesses recognize that people can now work out of a lower cost location instead of paying a premium for an office space in the central business district.