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TIP537: The Surprising Opportunities in Commercial Real Estate w/ Ian Formigle
We Study Billionaires - The Investor’s Podcast Network
What's Going on in the Office Sector?
Cushman and Wakefield recently published a report that I think offers some really interesting projections and insights on the US office market for the rest of the decade. It projects that at roughly 5.56 billion square feet today, it expects the total stock of office real estate to grow just minimally to 5.68 billion square feet by the end of the year. Then the report goes on to project that they think 461 billionsquare feet of office space will be occupied at the end of this decade. That equates to about 1 billion square feet of vacant space or 19% vacancy rate across all types of offices. So in essence, what they're saying is office is going to be slightly
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