Investing in Office Space? Here's What to Look For
To say that it's a precarious time to invest in office buildings would be an understatement. Office buildings have largely sat vacant since the start of the pandemic as companies did the cautious thing by instructing employees to work remotely.
Over the summer, many employers started firming up reopening plans in the wake of COVID-19 vaccine availability, only to then postpone those plans when the delta variant took hold. Now, companies are shifting gears once again and delaying office returns in response to the highly transmissible omicron variant. Some, in fact, are delaying those returns indefinitely, not even bothering to set a target date for bringing employees back in.
Still, some real estate investors may want to take a chance on office buildings, despite the blow the pandemic has dealt them. But if you're going to invest in office space, it pays to look out for these three key things.
Source Fool.com