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Analysis

Here’s Some Optimism for Office

There’s been plenty to be pessimistic about, but there is a chance of coming improvement.

Doom and office are words that have been known to accompany each other these days. In terms of office properties selling for a loss more frequently, one analysis recently stated, “The doom loop for office properties appears to be a nationwide phenomenon.” And there’s been plenty of speculation that the combination of outmigration and fall in office use, along with the drop in property taxes, could mean a doom loop for cities.

But a new report from Integra Realty Resources suggests that despite serious issues facing the property type, the terms “urban doom loop” and “office apocalypse” bandied about may indicate too dour and certain a future.

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Erik Sherman

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