Whenever there is economic turbulence, investors flock to safety.
In economic recoveries of the past, that meant large assets "as location issues often led to a high correlation of size and quality," Jim Costello, senior vice president at Real Capital Analytics, writes in a new blog post.
That may well be the case again when the office recovery starts. Still, Costello wonders if the perceived safety issues around density during COVID-19, combined with the dispersion of the workforce as telecommuting becomes commonplace, could make smaller buildings the new safe haven for investors.
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