Identifying the office of the future
Manage episode 442929429 series 2640075
Despite being plagued by headwinds including high interest rates, shrinking demand and declining property values since the start of the covid-19 pandemic, the office sector is starting to see some green shoots as usage and leasing rise.
In this episode, Jim Costello, executive director and co-head of the real-assets team at MSCI, and Ran Eliasaf, founder and managing partner of New York-based real estate private equity firm Northwind, see growing signs of stabilization – and believe this trend is starting to extend outside of class A assets in gateway markets.
Additionally, there is a rise in creative thinking about how to use older properties, including converting vintage office stock to other uses, and even acquiring office properties on a low basis and doing a complete renovation.
For more insights on this, please see PERE Credit's October/November cover story here.
218 قسمت