Take a few minutes to learn a few things about the office market (not the obvious Covid stuff) with Carlo Bruno.

Important take-aways:

* What are your assumptions for renewal probability?

* Understand key tenants desire for flexibility in renewal.

* Evaluate their ability to have a hybrid workforce.

* Renewal probability spectrum – less space going forward.

* Space churn – rollover frequency increases.

* Ancillary revenue stream – parking goes away.

* Sublease active – case-by-case.

* Disconnect between tenants, landlords and lenders.

Overall take-away – understand your tenant base.

Carlo Bruno, MAI (non-practicing) PwC | Strategic Initiatives, National Real Estate Director