Providers of the 22-year-old program, which aims to bring a more diverse workforce to CRE, expect the virtual nature of this Fall's Academy to expand its reach.

Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), will transform and redesign the 6X6 building into a new retail destination that's anchored by IKEA and mixed-use offerings.

While a full pricing recovery could take time, there are a lot of positive trends for the office space.

The company aims to capitalize on the area's economic growth with its recent acquisition of the 500-unit apartment community.