The global chief economist for commercial real estate giant CBRE says he's optimistic about the long-run outlook for the office sector in spite of businesses' rapid adoption of technology that facilitates remote meetings.
In a recent podcast conversation, Richard Barkham told host Spencer Levy that while the near-term prospects for the asset class are dim, he's confident that demand will bounce back.
"I remain convinced that the office sector is viable in the long term," he said. "It's where people meet. It's where creativity happens. It's where clients get helped. That's where we train and bring in younger people into the workforce. And all those things are going to need to reestablish themselves."
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Dan Packel
Dan Packel is an editor on the Business of Law desk at ALM. He writes a weekly briefing for Law.com, "The Law Firm Disrupted," on change and innovation in the legal marketplace. He is based in Philadelphia. Contact him at [email protected]. On Twitter at @packeld
