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Challenges in the Bay Area's Office Market

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Real Estate News

Michael Van Every,Republic Urban Properties,Office Market

Michael Van Every, president of Republic Urban Properties, discusses the oversupply of office space in the Bay Area and Southern California due to decreased demand caused by the COVID-19 pandemic.

Michael Van Every, president of San Jose-based Republic Urban Properties, discusses the challenging office market in the Bay Area. He explains that fewer tenants are looking to expand and those that are, prefer smaller spaces.

The COVID-19 pandemic has resulted in an oversupply of office space in both the Bay Area and Southern California.

 

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