We published on the office sector two years ago and, following an over 50% pullback between March 2022 and May 2023, contemplated a potential bottom for public office REITs. The bottom arrived several months later (Figure 1); however, that datapoint only scratches the surface of the office saga. In our opinion, the real story lies […]
We recently attended the annual REITWorld conference, where we conducted 33 meetings with REIT CEOs and CFOs. We also attended two organized dinners, three property tours, and a run around the Las Vegas strip with a REIT management team to maximize our time in Las Vegas with REIT executives. – The key themes were: 1) […]
It’s no secret the office sector faces extreme stress due to the surge in remote work. Though there was some progress on return to office (RTO) last fall, technology tenants reversed a multi-year leasing spree while financing risks only added fuel to the decline in 2023. As a result of the pandemic’s ‘forced experiment’ with […]