Office Market Faces Challenges Amid Remote Work Shift

Explore the current downturn in the US office market as vacancies rise and sale prices fall, driven by the shift to remote and hybrid work. Discover how cities like Austin and Manhattan are navigating these changes and the potential transformation of office spaces into residential areas. This episode provides insights into the evolving real estate landscape and its economic implications.

Sources:
https://www.businessinsider.com/office-vacancies-prices-commercial-real-estate-austin-chicago-2024-12
https://www.businessobserverfl.com/news/2024/dec/22/commercial-real-estate-deals/
https://www.forbes.com/sites/joshuastein/2024/12/20/how-ground-leases-create-new-opportunities-for-long-term-real-estate-owners/
https://finance.yahoo.com/news/the-comeback-of-reits-top-ways-to-play-commercial-real-estate-150020022.html

Outline:
(00:00:00) Introduction
(00:00:43) Office vacancies surged and sale prices dropped further this year as the market entered its 'slog' phase
(00:03:07) The top commercial real estate deals of the year
(00:06:22) How Ground Leases Create New Opportunities For Long-Term Real Estate Owners
(00:08:56) The comeback of REITs: Top ways to play commercial real estate