Today’s businesses have an estimated 30-50% more space than they need. It wasn’t only Covid-19 that sparked this surplus. The landlord-driven market first ignited this issue over 2 years ago.
Fast forward to today - the tables are turning. Landlords are now facing a robust tenant market for the next 3-5 years. The office markets will offer opportunities to tenants not seen in 30 years. Here’s what we anticipate happening in the office real estate sector in the coming months and our advice for thriving in the market.