“I strongly suspect what will result is a move to concentration, a flight to quality,” he said during an interview with Wharton Business Daily on SiriusXM. But it’s clear that when those leases finally expire, the market will not be the same. Wharton real estate professor Joseph Gyourko said it’s too early to predict exactly how the demand for office space will decline because commercial leases generally last five to seven years. The broad shift to working from home during the pandemic may haunt the commercial real estate market for years to come, making it harder to fill vacant office buildings that were once brimming with tenants. Wharton’s Joseph Gyourko speaks with Wharton Business Daily on SiriusXM about how the pandemic has changed the commercial real estate market. Timing Matters: Design the Day for Maximum Productivity October 20, 2023.The Power of Intentional Networking November 20, 2023.
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