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Although the thesis hasn’t been proven yet, some office owners believe that the right type of flexible or coworking space can enhance their properties’ long-term value, says Forde.LOS ANGELES—There’s a gap between recognition and action when it comes to real estate portfolio agility. Corporate real estate executives recognize the need for portfolio agility, but just 14% of those surveyed recently by CBRE would say their organizations are meeting that need. That’s the case even as 67% of the survey respondents rank agility as a critical element of their overall success.
“It’s early in the strategy for most companies,” says Brandon Forde, CBRE’s executive managing director for advisory & transaction services
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Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.
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