Suburban office markets pose the greatest opportunity for commercial real estate occupiers and investors as the latest phase of the pandemic drags on, according to one major CRE firm executive.
"Pretty much anywhere where there's a lesser commute or you're in a suburban area or a less dense area—that's from an office standpoint where folks are most likely to return," Gil Borok, Colliers US CEO, told CNBC's Squawk On The Street. "And in terms of opportunities, if you're an investor, obviously those markets follow suit."
CBDs "are not completely dead," but Colliers is seeing more interest in suburban markets, according to Borok. Dense cities like Manhattan and San Francisco that require commuting bring a "heightened sense of concern" among a workforce heavily reliant on public transit.
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