In this week's episode Mike Ball and Marc Hausmann, CCIM discuss the office market. They explain what types of office buildings are available and the differences between the Central Business District and the Suburban markets. Listeners get a view of how the office market has been impacted by COVID and what these changes mean for the future of the office market.
Episode Notes:
Introduction (0:00)
Common Types of Office Buildings (1:57)
Office Users Transition from CBD to Suburban Market (3:12)
Common Amenities in CBD Offices (4:47)
Pre-Covid Vacancy Rates and Post-COVID Changes (7:14)
Shadow Space (10:04)
Office Users' Ability to Transition to Higher Class Buildings (11:00)
Working From Home and Its Impact on Office Space (12:44)
National Office Markets (14:32)
Government Agencies Move to Suburban Markets (15:06)
The Office Environment During COVID (17:08)
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