Jan
13
Originally published by Brielle Scott on January 12, 2021, for NAIOP.org.
In a recent webinar, the authors of the NAIOP Office Space Demand Forecast provided insights and data from the latest report covering the fourth quarter of 2020, including overall economic trends and factors influencing demand, and their predictions for when the office sector could recover in the wake of the COVID-19 pandemic.
The prior economic expansion was the longest on record; job growth was strong, income growth had been accelerating since 2017, and recent tax laws provided valuable incentives for the commercial real estate industry, said Tim Savage, Ph.D., report author and clinical assistant professor, NYU SPS Schack Institute of Real Estate.
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