Top Office Developers Hit the Pause Button on New Projects

2 weeks ago 18

U.S. real-estate developers are delaying large bureau projects already nether mode oregon successful the readying stages, discouraged by precocious vacancy rates and the simplification successful workspace request resulting from remote work

Some spot developers presumption periods of economical uncertainty and anemic bureau request arsenic bully times to motorboat caller projects. Because large-scale developments thin to instrumentality 3 to 5 years oregon longer, developers stake that tenants looking to commercialized up successful bureau prime volition beryllium drawn to modern offices with tons of amenities, just arsenic the system is gaining steam.

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