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What Is the Future of the Office Real Estate Market? | New Jersey Law Journal


“Be fearful when others are greedy. Be greedy when others are fearful.”Warren Buffet

What is the future of the office real estate market? In recent years, even before the COVID-19 pandemic, the U.S. office real estate market had been subject to contraction for several reasons. Businesses implemented “open office” concepts such as hoteling and/or hot-desking, creating a “hub and spoke” model that was enhanced by hybrid or full-remote work. These concepts, along with the advancement of technology, and the growth of coworking facilities resulted in reducing office footprints, putting downward pressure on occupancy levels.

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