In this insightful episode of The Real Estate Manual, host Matt Lindquist navigates the dynamic landscape of commercial real estate reshaped by the COVID-19 pandemic. We delve into the rise of remote work, the challenges it poses to traditional office space, and the potential return to the office led by big companies like Amazon, Apple, and Disney. Explore findings from the recent CBRE report detailing the impact on 'Hardest-Hit Buildings' and the factors contributing to increased vacancy rates. We also discuss potential solutions, including hybrid work models, coworking spaces, and the complexities of converting office spaces into residential units. Lastly, understand the significant risks faced by office building owners in securing new leases and how this influences commercial real estate loans. Tune in as we explore the future of office spaces and the pivotal role of adaptability in this ever-changing market.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More