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