I wouldn't be surprised if I hate to say it, but a year from now, we might see more all-time highs in terms of the office vacancy rate. We're paying for a lease often for five days a week, but we've only got people in there maybe two to three days a week. Many of those companies are not going to renew those leases. So you've got kind of this economic occupancy rate that's probably going to come down even further.
For the past century, cities have centered around work. What happens when that’s no longer the case?
Deidre Woollard and Matt Argersinger discuss:
- What downtowns might look like when they become more than just “containers for work”
- How different REITs are approaching the new commercial real estate landscape
- The promise and problems of “15-minute cities”
Companies and REITs mentioned: CRM, ARE, WE, PEAK, DEA Host: Deidre Woollard Guest: Matt Argersinger Producers: Ricky Mulvey, Mary Long Engineer: Tim Sparks
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