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Green Street Sees Future Office Sector Demand Shaped by Densification, Remote Working Trends

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The demand for office sector space going forward will be shaped by two main factors—densification and remote working, according to Danny Ismail, senior analyst at Green Street Advisors.

In a video interview in conjunction with Nareit’s REITweek 2020 Virtual Investor Conference, Ismail said the trend toward densification, or shrinking the office footprint while adding more employees, is likely to reverse in the future and actually be a benefit to office demand.

Data Show April Online Retail Sales Gains Unable to Offset Broader Declines

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The latest retail sales data point to a continued role for brick and mortar retail once the coronavirus crisis passes, according to Nareit Senior Economist Calvin Schnure.

Speaking May 18 on the Nareit REIT Report podcast, Schnure noted that the more than 8% rise in non-store retail sales in April, which includes e-commerce, was unable to offset the overall decline of 16.4%.