In an article for the New York Real Estate Journal, I shared my thoughts on counter forces in the industry that make the question of a market recovery much more complicated than fear-inducing headlines may suggest.
I reviewed a recent study published by UBS Group, and focused mainly on the following:
- The matter of space and the reversal of the densification trend
- The variation in return rates per industry
- Complications specific to the co-working sector
To conclude, I acknowledge the likelihood that offices will be forever changed by COVID-19.