Office Properties Perform Better in an Ecosystem

Lower-than-expected demand in the office-dominated urban cores of major markets has been a consistent theme in the past three years. The very fact that office buildings dominate the landscape in central business districts may be contributing to the problem.

Office buildings in general have performed poorly since the beginning of 2020, especially in major markets. Across eight of the country’s largest office markets, weak demand has sent the aggregate amount of available office space up by over 200 million square feet, an increase of 52%. In the central business districts of these markets, demand has been even softer, resulting in a 71% rise in available space...
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RSK: In one word "mixed" use is better overall for office absorption.