Don't count out the Bay Area office market just yet, says Brent Carroll with KBS; in fact, it has a long history of performing well, especially with tech companies, and earned the tech talent top spot by CBRE.
Co-working occupancy rates still aren't near pre-coronavirus levels. But flex office providers and industry watchers say they offer a flexibility crucial for the new work environment.
"A standoff with tenants could result in tenant default and eviction, or it could lead to more constructive negotiations between tenant, owner and lender," according to NAOIP.
Transwestern has been tasked with bringing the 136,769-square-foot Central Building to present day operations and developed a comprehensive plan to help tenants safely return to the office.