TSX:SOT.DB - Post by User
Comment by
Capharnaumon Aug 07, 2020 6:14pm
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Post# 31381348
RE:Chicago office (west loop) not looking so promising
RE:Chicago office (west loop) not looking so promisingIt does say that the office market posted its best year prior to Covid-19. Data from Covid-19 doesn't mean much. As to new office space, it comes at a premium to market and "new" leasing has been down since march (as per the conference call).
As they stated in the conference call, their goal is to maintain current occupancy but they did forecast it would be slightly down. I don't think the current environment changes their longer term outlook.