Chris Falk banner image

Office Obsolescence- Challenges and Opportunities

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.

About the Author

Chris Falk SIOR, CCIM

Chris Falk is a Certified Commercial Investment Member (CCIM)—one of the most comprehensive commercial real estate designations, held by an estimated 6% of commercial brokers nationally. As a commercial real estate broker, Chris has handled over 600 transactions exceeding $475MM. Born and raised in Utah, Chris understands the unique qualities of the region and the great capacity for business opportunities in Northern Utah, including Davis, Weber and Salt Lake Counties. Chris is the premier, go-to agent for businesses and developers interested in this dynamic area.