Is the Office Building Dead?
The only thing constant in life is change and so it goes with the “Office Building.” What was an immutable truth 20 years ago is yesterday’s news in today’s globalized, digital, warp-speed economy. So, are office buildings—a key food group of the commercial real estate universe—dead or dying? With nearly 11 billion square feet of office space in America, this is a trillion-dollar question.
Regional Director - Songy Highroads, LLC
6 年Well written. Solid starting points to implement action plan to keep office assets viable investments.
Of Counsel Fennemore Wendel
6 年Joe, Congratulations . This is a well written article. Like so many other institutions, beliefs and business models, the use of an “office building” may no longer be commercially exclusive . Today the office building is being combined with other uses. In some cities, these include, housing , research and educational uses , to list a few, , As “multi-tasking has become a necessity ,largely fueled by technology, one could also argue that the same is happening with the traditional office building, resulting in new opportunities for investors.