Concept could be decent. Not sure of the actors picked to star... don't know much about them.I'm sure this will go over well.
A new version of The Office has been picked up at Peacock, though will not be a direct spinoff or reboot of the original series. Instead, it's described as being "set in the same universe" and follows "the documentary crew that immortalized Dunder Mifflin's Scranton branch" who are "in search of a new subject when they discover a dying historic Midwestern newspaper and the publisher trying to revive it with volunteer reporters." Domhnall Gleeson and Sabrina Impacciatore are attached to star.
So they basically wanted to do another TV mockumentary and figured the best way to do that was tie it to the most successful TV mockumentary ever...thru the documentary crew? I think it could work as long as they keep the ties/callbacks to the Office at almost non-existent.