Office market poised for pandemic recovery

 Office market poised for pandemic recovery

The office real estate market was undoubtedly affected at the height of the COVID-19 pandemic. Many workers weren’t even in the office, and few companies were thinking about getting a new one. Many tenants who…


The office real estate market was undoubtedly affected at the height of the COVID-19 pandemic. Many workers weren’t even in the office, and few companies were thinking about getting a new one. Many tenants who may have moved or upgraded their space in normal times opted instead for short-term lease renewals amid the uncertainty.

Now, with mass vaccination and a recovering economy, there are signs of life in the office market. Industry professionals say things should only improve in the coming months.

“I think we’re going to make up lost ground from last year, and we’ll do it this year,” said Jenna Maguire, an office broker with Milwaukee-based Founders 3. “I think there’s going to be…

Read full article…biztimes.com