Office Obsolescence- Challenges and Opportunities
October 14, 2015
This is a great white paper written regarding the increasing challenge of commercial real estate improvements- specifically the increasing obsolescence of different types of office space.
Of note, the report explores:
- The challenges and opportunities associated with the increasing obsolescence of suburban office assets
- NGKF’s approach for quantifying obsolescence
- The differences between curable and incurable obsolescence
- Five major suburban office submarkets across the U.S. and how significant of a challenge obsolescence is in each
- How owners can evaluate the degree of obsolescence in their assets
- Action steps for owners, prospective investors, and tenants of suburban office space in the period ahead
Click here for the Office Obsolescence link
If you have questions about your office space nationally, or locally here in Utah, please don’t hesitate to reach out.