Affecting the commercial property market is the comfort level of building owners. Nervous landlords add to deal volume and help to bridge the gap between bid and ask. But what’s going through their minds? Answering is BOMA’s Chief Operating Officer Henry Chamberlain, who sees more uncertainty than he’d like. In an interview following BOMA’s annual legislative conference that found the owners’ trade group pursuing an agenda concerning issues such as carried interest taxed as capital gains, ADA remedies, energy and leasehold depreciation, Chamberlain chalked up the murky waters for owners to finance on the debt side, the regulatory environment, and the leveraging of technology and its expected tendency to suppress demand for traditional office space of the future.
It’s worth mentioning that the trend of internet-based work forcing profound changes in office space needs going forward is one we’ve looked at here before; to hear BOMA leadership acknowledge the upheaval only underscores what’s coming in this critical commercial space market.
(Tip of the hat to reit.com for the video.)
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- Healthcare Reform, Capital Markets, Market Trends are Focus of Upcoming BOMA Conference on Healthcare Real Estate (prweb.com)