Impacts Of Office Space Changes Continues To Be Hot Topic In Commercial Real Estate
By KIMBERLEY HAAS
As companies work to determine what their office demands will be post-pandemic, commercial real estate experts continue to debate the impacts on the industry and the banking system.
With office vacancy rates hitting an all-time high in August, it is feared that if office buildings become obsolete, banks will be left to weather the losses. But during a webinar hosted last week by Marcus & Millichap, a California commercial real estate firm specializing in investment sales, financing, research, and advisory services, it was agreed that office commercial real estate loans make up a small percentage of total bank outstanding loans.
Jeffrey DeBoer, founding president and CEO of The Real Estate Roundtable, a nonprofit public policy think tank…