
Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again. But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022. Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume. 00:00 Intro 04:53 Quick Tip 06:12 Is Office Investing Dying Off? 11:14 Does This Compare to 2008? 14:36 Future Forecast for Office Space 20:37 How Will Unemployment Change Things? 26:41 Opportunities for Investors 33:32 Markets Worth Investing and Which to Avoid 40:37 Coworking and the Evolution of Office Space 44:08 Office vs. Residential Real Estate 51:13 Knowledge Behind the Numbers ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Grab Some BiggerPockets Merch: https://bit.ly/biggerpocketsswag ~~~~ Find an Investor-Friendly Agent in Your Area: https://www.biggerpockets.com/agent/match?utm_source=owned_media ~~~~ Hear Dave on the “On the Market” Podcast: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media ~~~~ Subscribe to the “On The Market” YouTube Channel: https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA ~~~~ Investing in Office Buildings—A Beginner’s Guide: https://www.biggerpockets.com/blog/2013-11-26-investing-office-buildings?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ The Coming Collapse of Downtown Office Real Estate: https://www.biggerpockets.com/blog/the-coming-collapse-of-downtown-office-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Kevin on LinkedIn: https://www.linkedin.com/in/kwfagan/ ~~~~ Connect with Dave and David on BiggerPockets: Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Dave and David on Instagram: Dave: @thedatadeli or https://www.instagram.com/thedatadeli/ David: @davidgreene24 or https://www.instagram.com/davidgreene24/ Episode #682 Show notes at: https://www.biggerpockets.com/blog/real-estate-682?utm_source=youtube&utm_medium=description&utm_campaign=none