Why No New Office Buildings Will Be Built for a Decade
In this eye-opening episode, we dive deep into the challenges facing the office real estate market, with a specific focus on Denver. From plummeting property values to the hurdles of converting office spaces into residential units, we explore the current state of the market and the future outlook. We discuss the impact of urban issues, such as crime and homelessness, on property rentals and sales, and examine why some buildings are selling for a fraction of their construction cost. Join us as we visit a recently sold office building and discuss the complexities of maintaining and leasing office spaces in today's environment. Don't forget to subscribe for more insights into the real estate world!