The looming office space real estate shortage. Yes, shortage
Publishing timestamp: 2023-11-26 11:01:15
Summary
The article discusses predictions about the office real estate market, stating that up to one-third of office real estate could be wiped out. However, there is also a potential shortage of premium office space in the future, as newer buildings are in high demand and construction has slowed down. The article highlights that while there may be headlines about trophy buildings being sold at discounted values, deals for premium space are still being made. Companies facing lease expirations and wanting to be in premium locations may find good opportunities now.
Sentiment: MIXED
Tickers: CSGP,
Keywords: real estate, commercial and office real estate brokers, workplace culture, costar group inc, commercial building construction, business news,
Source: https://www.cnbc.com/2023/11/26/the-looming-office-space-real-estate-shortage-yes-shortage.html