“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.
