As the CEO of a company that produces one of proptech's leading data visualization tools—offering advanced predictive analytics—Navigator's Taylor Odegard has no trouble visualizing the future of offices in central business districts.
From a booth with a commanding position on the CREtech 2022 show floor in NYC last week, Odegard gave us his assessment of the office sector, specifically the fate of office towers populating central business districts in major urban centers.
"From a valuation standpoint, [office buildings] are going to get hit hard," Odegard told GlobeSt.com. "There's going to be a very different underwriting process on how they come up with valuations and cap rates for these big buildings."
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