Yahoo and Office Demand
Office building owners, struggling with relatively anemic demand, may find some measure of comfort in Yahoo's decision to rein in its work-from-home employees and mandate their return to the cube-world. Is this the start of a trend reversal that could increase occupancies and buoy rents among office tenants? Probably not, although the Yahoo move may give some CEOs in other companies pause about letting home-officing get out of hand.
JERSEY CITY, NJ—High-end supply now outpaces demand in many markets, writes Altus Group’s Chuck DiRocco in this EXCLUSIVE commentary.
SAN DIEGO—Gene Ventura, who recently joined Faris Lee Investments after a lengthy and successful development career focused on the Midwest, tells GlobeSt.com you can be anywhere due to the virtual nature of business today.
IRVINE, CA—Coordinating as many as 10 bidders for one apartment sale demonstrates the confidence investors have in the multifamily investment market in Orange County as we continuue into a new year, Colliers’ Patrick Swanson tells GlobeSt.com.
SAN DIEGO—Berkadia’s Ernie Katai discusses the multifamily demand and fundamentals that have helped his firm achieve rapid growth and how the firm is preparing for the year ahead, in this EXCLUSIVE video interview.