Kilroy Realty Is Optimistic About Continued Demand for Its Office Space
The constant question these days for office real estate investment trusts (REITs) is whether COVID-19 has been a real game-changer for the investing sector. Will companies embrace the work-from-home model, let their leases lapse, downsize space requirements, and move to where rents are cheaper?
We have already heard from Manhattan office REIT S.L. Green, whose management doesn't see that happening. But what about the West Coast? Are we seeing the same sentiment in the ultra-expensive big West Coast cities?
Office REIT Kilroy Realty (NYSE: KRC), based in Los Angeles, provided some insight when it reported second-quarter earnings late last week.
Source Fool.com
