Office

Nareit’s new chair, Jim Risoleo, CEO of Host Hotels & Resorts, moderated a panel of REIT CEOs at REITworld’s day one general session.

Panelists on second day of REITworld stress need for additional government support.

The pandemic had a significant impact on demand for commercial real estate in the third quarter, resulting in rising vacancy rates and slowing or falling rents and property prices. The impact was uneven across property types, however, with greater effects on office and retail property markets, but smaller or little impact on multifamily and industrial properties.

Learn about the outlook for office space and implications for property users and REIT investors in an upcoming webinar hosted by Nareit and Bloomberg Intelligence.

The next few years will almost certainly see a move towards less density, and it is unclear how much overall demand for office space will decline due to WFH if there is an offsetting increase in the space per worker.

Challenges and opportunities for nascent and advanced ESG programs highlighted.