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