With many employees planning to keep working from home for the foreseeable future, big corporate tenants in city centers say they have a surplus of office space. Most of those companies are locked into long leases of as long as 20 years and have little opportunity to get out of these agreements.
More companies are looking to dump excess office space by renting it out to new tenants, flooding the market with additional supply.
convert them into living spaces
this is terrible news
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Covid changed how we think of offices. Now companies want them to work as hard as they doOne year after companies sent workers home, they are grappling with questions about how much office space they really need.
Source: CNBC - 🏆 12. / 72 Read more »
The Office Is Dead. Long Live The Office: Demand Is Back, But It’s Still A Tenant’s Market“Any which way that we look at the numbers, there is tremendous momentum coming back into the office market,” says Ryan Masiello, cofounder and chief strategy officer of VTS, a real estate software firm. Noah_Kirsch Isn't what that moves keep the world going, tenant is one among the movers
Source: Forbes - 🏆 394. / 53 Read more »
The Office Is Dead. Long Live The Office: Demand Is Back, But It’s Still A Tenant’s Market“Any which way that we look at the numbers, there is tremendous momentum coming back into the office market,” says Ryan Masiello, cofounder and chief strategy officer of VTS, a real estate software firm. thank you very much for your work
Source: Forbes - 🏆 394. / 53 Read more »
The Office Is Dead. Long Live The Office: Demand Is Back, But It’s Still A Tenant’s Market“Any which way that we look at the numbers, there is tremendous momentum coming back into the office market,” says Ryan Masiello, cofounder and chief strategy officer of VTS, a real estate software firm. I hate working from home. Office life sucks but I miss civilization a lot more than I hate having to regularly show up at a particular place. In our opinion and observation, this is a good thing, and if done efficiently, can help improve the climate and city atmosphere So wait... These numbers are based off of people 'touring' office spaces, not actually renting? (That's what the article sounds like) So people are interested in looking at them and that's it?
Source: Forbes - 🏆 394. / 53 Read more »
The Office Is Dead. Long Live The Office: Demand Is Back, But It’s Still A Tenant’s Market“Any which way that we look at the numbers, there is tremendous momentum coming back into the office market,” says Ryan Masiello, cofounder and chief strategy officer of VTS, a real estate software firm.
Source: Forbes - 🏆 394. / 53 Read more »