You may have read stories in the news about the future of office space. Ironically, for almost every story about a company shifting to work from home, there is another pointing to growing demand for office space. For example, Google’s Eric Schmidt believes that the need for office space will increase as tenants socially distance their employees.
The reality is probably somewhere in between - although some employees will work from home for part of the week, most employees will return to the office full time. Those that return will occupy more office space per capita to maintain safe distancing.
Following the 2008 recession, employers discovered that they could reduce office rental costs by putting more workers into less office space—a trend known as densification. Densification reached a pinnacle in 2019 with many employers providing less than 100 ft.² per employee. Post-COVID-19, we expect that trend to reverse in a dramatic way.
Attend this webinar and learn:
- The truth about office space and COVID-19
- How landlords and tenants are working to keep offices safe
- How you can earn 7%+ yield investing in Class A offices with pre-COVID-19 occupancy, national credit tenants, and long leases
CFP, CIMA®, CPWA®, CIMC®, RMA® and AEP® CE Credits have been applied for and are pending approval.
Mr. Feldman has been the president and CEO of Feldman Equities since 1990. From 1997 until 1999, he was the founder of, and served as the chairman of the Board and Chief Executive Officer of Tower Realty Trust, a publicly traded REIT (NYSE: “TOW”).
Mr. Feldman has been directly responsible for the management, development or acquisition of more than 11 million square feet of real estate with an aggregate value of more than $3 billion dollars during a career spanning over 30 years in the commercial real estate business. Mr. Feldman’s primary focus over his career has been on the acquisition and redevelopment of turnaround real estate.
VP of Finance
Chris Ross currently serves as Vice President of Finance handling financial analysis and capitalization of prospective new acquisitions and development properties as well as for the existing Feldman Equities portfolio. Prior to joining Feldman Equities, Chris Ross served as Director of Acquisitions for both Cantor Funds and Forge Capital Partners to underwrite and acquire value-add office, retail and multifamily properties. Earlier in his 18+ year commercial real estate career, Chris Ross worked for MetLife Real Estate Investors in commercial mortgage originations, commercial property acquisitions, and asset management
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Executive Director of Content & User Engagement
National Real Estate Investor