Shorter Leases are Adding a Wrinkle to Underwriting Office Deals
Shorter Leases are Adding a Wrinkle to Underwriting Office Investments In addition to the pandemic, some blame the rise of co-working space and growing tenant demand for greater flexibility for driving shorter lease terms. There remain ongoing debates in the office market on whether the pandemic-driven shift to work-from-home strategies will drive long-term structural changes. Will office tenants require more or less space? Will there be an outmigration from urban centers? How much will the glut of sublease space affect rents? Even with vaccinations now taking place and a "new normal" ...
Source: wealthmanagement.com