When Office Real Estate Investors Can Expect a Turnaround

Originally published on June 21, 2021 by Marc Rapport for MillionAcres.com.

The pandemic recovery in the office sector is underway and is projected to reach positive net absorption in the fourth quarter of this year, according to research from NAIOP, the Commercial Real Estate Development Association.


That turning point will be followed by a return to more normal levels, predicts the report titled “Office Space Demand Forecast, Second Quarter 2021,” researched and written by professors Hany Guirguis of Manhattan College and Michael Seiler of William & Mary and the University of Cambridge.

Guirguis and Seiler said they used factors such as GDP growth, corporate profits, employment in the financial sector (because it best reflects changes in office demand), inflation measures, and supplier and manufacturing indexes to reach their conclusions.

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