When it comes to choosing office space – either renewing, downsizing or seeking new — Jason Wurtz, executive vice president, office services, NAI Hiffman, tells GlobeSt.com that market activity is improving as companies can no longer delay their decisions.
"The clock is ticking, and short-term decisions can only be extended for so long," he said. "Companies are becoming more confident with how they will operate going forward.
"With other natural expiration and "cans kicked" since 2020, there is some very minor pent-up demand appearing as growth compared to the low.
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.