
Second Chance: Conversions give new life to old office buildings
The Weekly Take from CBRE
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Do You Think We'll See More of These Incentives?
The IRA, the inflation reduction act is something that allows you to put in HVAC equipment and other things that aren't always getting the headlines much cheaper than you could have done before. And it's just a skill set that is not completely developed across the markets. We've seen that as a double edged sword where we've seen where people are like, you get these incentives and they're overbid for it. And then they get into trouble. Or in low times, we're able to have that as a competitive advantage on our bid and be the winning bidder.
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