Livestream Spotlight: Evaluating Office Assets

Ian Formigle and Anna-Marie Allander Lieb shared their outlook on office and where we see opportunities for investors.

 

As part of our first look at the CrowdStreet 2021 Investment Thesis, Chief Investment Officer Ian Formigle and Director of Investments Anna-Marie Allander Lieb shared their outlook on office and where we see opportunities for investors. Office space utilization currently averages around 15% nationally, but as COVID vaccine distribution ramps up we expect to see office move into a post-pandemic phase in Q3 or Q4 of 2021. However, as more companies adopt flexible policies, we anticipate a 10–15% drop in utilization compared to pre-COVID levels. Anna-Marie and Ian discussed their insights into the new normal for office, including:

  • What factors they’ll be looking for in Class B assets for successful repositioning;
  • Why life sciences and first-ring suburban office space will be attractive opportunities going forward; and
  • Which markets are ripe for big growth in office in 2021 and beyond.
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