GoCo Principal Daniel Colombini in Propmodo: Converting vacant offices at a large scale is a slow-moving issue. Traditional office leases are typically 10 years long, and with three years of the pandemic behind us, there is still a lot of space that won’t come up for lease yet.
“Things are changing and carrots and sticks are going to realign themselves in the real estate world,” Colombini said. “It’s happening but it’s going to happen really slowly.”
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