Commercial office space hasn't played a starring role in the drama of the pandemic shutdown of 2020 — yet.
That could change, and the head of Trepp's advisory services has offered some spoiler alerts as to what plot twists could be ahead for office.
COVID-19 caused shutdowns immediately slammed lodging and retail sectors, of course, and boosted warehouse and last mile distribution facilities, Lonnie Hendry said in his latest Trepp report on the office sector. But it's a different story for urban high rise office buildings — which have stood largely empty since March, when home became the new work space. Still, those office owners have some historic advantages that may serve them well.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
