With uncertainty surrounding when and if people will return to work, the office market has stalled.
"The volumes that we've seen in past years just aren't quite there," Jim Dobleske, global president, Project Management, CBRE, said on CBRE's "The Weekly Take" podcast. "However, they are starting to come back again, where clients know that those fit outs fit in with their overall business strategy."
Dobleske says many occupants are interested in de-densifying space in reaction to COVID. "Our project work has shifted from trying to pack as many people into a certain floor as possible to now spreading them out a little bit more," he says. "We're creating more conferencing areas than we had in the past."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
