- In any economic downturn, there will be some companies, some organizations that have not survived the pandemic terribly well, and they will need to give back space.
- So, we might see vacancy space coming to the market from an economic perspective almost regardless of what happens from working for home.
- What we’re seeing is limited tenant defaults today. If you even look at CMBS as a barometer, less than 2% of the CMBS universe has office loans that are in delinquency.
- Similar to the housing market today, we are seeing capital come back to the office market, and some accelerated bidding activity.
For further details see:
Unlocking Alternatives: The Office Market In A Post-COVID World