Look up the word uncertainty in a dictionary and the year 2020 will likely pop up. The business community has yet to return to the office in mass scale, with only one-third of CEO’s expecting a full return in the 1st quarter of 2021. The virus, the civil unrest, the elections, the economy: so much uncertainty for office occupiers to consider. In today’s podcast we discuss:
- Recent survey of over 1,000 executives
- Office tenants continue to pay rent for empty offices
- California lawmakers push companies to Arizona
- A major landlord is bailing out tenants by purchasing them
- RFR purchases a soon to be vacant 575,000 SF office building in NYC
- Banyan Street Capital grabs a Class A office project for $43 million in Doral
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Jorge Morales is President of Blue Box Real Estate, a commercial real estate firm in South Florida that specializes in Landlord Advisory Services, Tenant Advisory Services and Investment Sales. Please visit www.blueboxre.com today. Blue Box Real Estate, LLC is a Lic. Real Estate Broker.