Instant Insights / What’s in Store for 2021

It has been a hard, difficult slog this year but 2021 is shaping up to be better.

Analysis

Office Landlords Face Steep Climb in Reducing Operational Costs

Office users are reassessing the office space, and office owners will have to pivot quickly to survive.

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The future of office has been a question mark since the start of the pandemic, and many expect that the asset class would have a new look post-pandemic. Now, as tenants reevaluate how they will use space and integrate remote workers in the long term, that vision is becoming a reality, whether landlords like it or not. Reducing operational costs will be their immediate answer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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