JBGS - Armada Hoffler Properties: Peerless Dominance
2024-01-26 19:10:48 ET
Summary
- Moody's Analytics reports that 19.6% of office space in major US cities is unleased, a new record high.
- Armada Hoffler Properties, a small-cap REIT, owns office space and has dealt with bankrupt WeWork, but presents a growth opportunity.
- AHH's portfolio includes office, multifamily, and retail properties, and the company has rejected WeWork lease renegotiations and is experiencing leasing interest.