Six Predictions for the Office Sector in 2020
January 2, 2020 | Patricia Kirk | National Real Estate Investor
Continued strong demand for office space should keep this property sector stable in 2020, according to industry experts. However, the sector will continue to experience disruption from proptech innovations, the growth of flex office space, new product deliveries and worries about a potential recession.
Here are six predictions for office properties in 2020:
- Technology tenants will continue to generate the most office demand in 2020, says Jason Burian, managing partner for the Chicago office and leader of the commercial real estate industry practice at CohnReznick, an advisory, assurance and tax firm. “This trend began in the first half of 2019 and will continue into 2020, given projected job growth figures in the technology space and number of tech tenants currently in the market.”
