COVID-19 came on the heels of a glut of office construction in some markets. Now that the realities of the pandemic have sunk in, attention is turning to what will become of that excess inventory. 

“You look at San Francisco, and there has definitely been a boom in office construction in the last decade,” says Nima Wedlake, principal at Thomvest Ventures. “For the most part, those offices are getting leased up before construction is completed. The Salesforce tower was getting leased at record-high rates.”

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