as remote work becomes more possible has also boded poorly for their respective real estate markets.
While McAllister recognizes the future of commercial real estate will be different as a result of the coronavirus pandemic, he is bullish on the longevity of office space for several reasons. Essentially, he argues a decrease in things like productivity, creativity, networking, innovation, and company culture as a result of remote work will eventually pull people back to the office. He also said that competitiveness will play a role.
"The vast majority of their portfolio is devoted to lab space and the supporting office space associated with biopharma research, and their locations tend to be in places where that research is concentrated," McAllister said. "They're a very capable, deep management team…it's hard to make a really strong bear case against their business model.", a real estate investment trust with holdings in office spaces in several major cities around the US.
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