Hey all, if you’ve been following the CRE markets these past couple of years, obviously one of the most enduring trends has been the slow death of office properties. A couple of days ago, I came across an article that said that Cushman & Wakefield project 1.1 billion square feet of available, vacant space in the US by the end of the decade -- about double the figure from 2019.
I’m just curious because obviously something has to be done with all that space. Of course, it’s a huge liability for landlords not willing to implement changes, but I feel like this could be a huge opportunity for people with big visions / imaginations. Any ideas of what that space could be used for?
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source https://www.reddit.com/r/RealEstate/comments/118z97k/future_of_office_properties/
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