RE:RE:RE:Stock in free fall this weekI have a management level freind at MRT and they are seeing strong demand for space. Others I know, except for government friends, who thought they would never go back to the office were back to 1 day/wk last year and now 2 days this year. It will likely go to 3 next yr and top out at 4 by 2025. The 5 day in-office work week however is probably gone but the office is not.
Government back to office work is the sticky one. As always, they are the slowest to change. Might get them to 3 days/wk. Overall, commercial footprints will shrink but not going to 0. Even Zuckerberg admitted that
more productivity is achieved with in-person work. This from a CEO of a company that benefits the most from remote work and the metaverse!
Let the fear play out, seen it so many times before. The biggest money is made when the fear is the greatest.
colucci wrote: the market is acting like there won't be any need for office space in 5 years' time. Indeed, I have seen a lot of fear in the press in recent days/weeks in regards to commercial property. I'm not convinced the global situation is anywhere near as dire. We`re still not even in a proper recession yet, so this sector rotation is unfounded and based mostly on speculation and fear. If things begin to look up, then this could be a good time to buy cheap REITs... Those with long-term horizons will win out on a REIT like Inovalis. I'm currently sitting on a lot of liquidity waiting for more market news before I pull the trigger and buy.