Property Corner
Office Space Tanks – Part 2
New Workplace Strategies, Not the Only Reason – Last month, we explored several reasons contributing to reduced office space demand while job growth continues to expand nationally (LCS National Market Brief- April 2017). The trend to co-working spaces, Activity Based Workplaces (ABW), and a focus on portfolio efficiency, all contribute to this shift in office absorption. However, it appears that CRE portfolio alignment is the primary driver. REIS, a leader in providing real estate data to the commercial…