The State of the Office Market with Michael Mandel of CompStak

The office market has never been the same since the pandemic pushed us all into a global work-from-home experiment. Certain markets have bounced back—places like New York City and Dallas have seen steady gains in office occupancy and leasing since the pandemic ended, nearly hitting their pre-pandemic highs. Most other office markets, however, are still struggling to lease back up as corporations rethink their need for office space. The return-to-office push has gotten a bump from the Trump administration, which is adamant about bringing federal workers back to boost governmental efficiency. But there is still a lot of concern that we might never return to the same office leasing environment we had before the world had ever heard of a coronavirus.

The big question for the commercial real estate industry is: will the office market recover, and if so, when?

   ...more

RSK: I like the author`s optimism but mine is a bit more guarded for the immediate future.