Developers Beckon Companies Back to the Office With Unusual Sell: Why Not Buy?

In hot U.S. markets like Nashville and Austin, some small businesses are opting to own office condos rather than lease.

As some employers are shedding office square footage amid an increase in remote work, a handful of smaller businesses are so bullish on the future of the office that they’re buying space.

In some hot U.S. markets, developers have started selling office “condos” to employers, betting that high lease prices and inflation may make the idea of owning small office spaces an increasingly attractive proposition.

The vast majority of white-collar employers rent or lease their office space from landlords; the biggest companies, like Apple and Google, own whole campuses...


RSK: Just like residential condos became popular for affordability, office condos may too. However, I do not see many developers in our neck of the woods building them. Plenty of inexpensive space to lease...

- - Volume: 10 - WEEK: 19 Date: 5/3/2022 8:51:24 AM -