Duggal explains that as leases expire, companies are downsizing and opting for newer buildings or charming older ones, indicating a 'flight to quality' in office leasing.
The District leads in office-to-residential conversions, with 5,820 units in progress, signifying a potential way to address the housing shortage despite many challenges.
#commercial-real-estate #office-leasing-trends #office-to-residential-conversion #housing-market #pandemic-impact
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