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Office Exodus: Tackling Double-Digit Vacancies and Negative Absorption
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Office Exodus: Tackling Double-Digit Vacancies and Negative Absorption
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With double-digit vacancies that are the worst on record in many markets, commercial real estate investors are faced with the challenge of navigating negative absorption in the office sector. While the Mountain West region has acted as a buffer, avoiding some of the harsher realities facing first-tier markets, we remain in the thick of what real estate mogul Brandon Fugal dubs a "character-building cycle." In this episode, we sit down with the Chairman of Colliers International to explore the myriad of factors driving change in the sector—from technological advancements to broader economic shifts. Hear why Fugal believes the public is still in the dark about the true impact of remote work, how he aligns with Elon Musk’s controversial return-to-office mandates, and and which investors he predicts will see the greatest returns over the next five to ten years.
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