{"id":1004701094,"date":"2024-02-14T02:10:38","date_gmt":"2024-02-14T10:10:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004701094"},"modified":"2025-03-14T03:50:36","modified_gmt":"2025-03-14T11:50:36","slug":"fti-experts-hub-the-ins-and-outs-behind-a-bifurcated-office-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fti-experts-hub-the-ins-and-outs-behind-a-bifurcated-office-market\/","title":{"rendered":"FTI Experts\u2019 Hub: The Ins and Outs of the Bifurcated Office Market"},"content":{"rendered":"<iframe allow=\"autoplay *; encrypted-media *; fullscreen *; clipboard-write\" frameborder=\"0\" height=\"175\" style=\"width:100%;overflow:hidden;border-radius:10px;\" sandbox=\"allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation\" src=\"https:\/\/embed.podcasts.apple.com\/ro\/podcast\/fti-experts-hub-the-ins-and-outs-behind-a\/id1552202952?i=1000645274029\" ><\/iframe>\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2db32b893f3&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004369645\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/podcast-is-coworking-still-working-like-a-charm\/brill_glenn-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D200&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1271090100&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;85&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Brill_Glenn (002)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Glenn Brill, Managing Director of Real Estate Solutions, FTI Consulting. Image courtesy of FTI Consulting&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg\" alt=\"Glenn Brill on the bifurcated office market\" class=\"wp-image-1004369645\" style=\"aspect-ratio:4\/3;object-fit:cover;width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Brill_Glenn-002.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Change and uncertainty create the need for flexibility, said Brill. <em>Image courtesy of FTI Consulting<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Office is on a slow recovery path, and it is said that 2024 will be a transitional phase that will ultimately bring the sector closer to a post-pandemic norm. CommercialEdge\u2019s latest <a href=\"https:\/\/www.commercialsearch.com\/news\/navigating-office-sector-transitions-in-2024\/\">office report<\/a> shows that the national office vacancy rate continued to climb in 2023, with Class B and C properties particularly struggling. Meanwhile, highly amenitized quality space in good locations is still in high demand.<\/p>\n\n\n\n<p>Several structural trends are bifurcating the market, so we asked industry veteran Glenn Brill, who serves as managing director with <strong>FTI Consulting<\/strong>, to share his views in the first episode this year of our quarterly podcast series, <em>FTI Experts\u2019 Hub<\/em>. In his conversation with <em>Commercial Property Executive<\/em> Senior Editor Laura Calugar, Brill discusses trends he sees in the market and how they might evolve.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/what-lies-ahead-for-the-office-sector-in-2023\/\">What\u2019s Ahead for the Office Sector in 2023<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Here\u2019s what you\u2019ll hear about:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The growing divide between prime office and the rest (0:47)<\/li>\n\n\n\n<li>The <a href=\"https:\/\/www.commercialsearch.com\/news\/what-to-expect-for-cre-in-2024\/\">flight-to-quality trend<\/a> (4:06)<\/li>\n\n\n\n<li>How much will outdated office space weigh on the market? (6:27)<\/li>\n\n\n\n<li>Proptech\u2019s role in reshaping real estate and bringing back to life obsolete properties (7:20)<\/li>\n\n\n\n<li>Is a <a href=\"https:\/\/www.commercialsearch.com\/news\/fti-experts-hub-brace-yourselves-for-a-full-return-to-the-office-by-2028\/\">full return to the office<\/a> possible down the road? (10:51)<\/li>\n\n\n\n<li>The impact of remote work on the office market (12:41)<\/li>\n\n\n\n<li>What type of companies are using offices today (15:13)<\/li>\n\n\n\n<li>Smaller occupiers and coworking (16:46)<\/li>\n\n\n\n<li>Large occupiers\/corporations and coworking (18:24)<\/li>\n\n\n\n<li>What do occupiers want in terms of leases? (20:16)<\/li>\n\n\n\n<li>Company relocations (22:05)<\/li>\n\n\n\n<li>Who will be the winners and losers in the medium- to long-term? (24:01)<\/li>\n<\/ul>\n\n\n\n<p><em>Follow, rate and review CPE\u2019s podcasts on\u00a0<a href=\"https:\/\/open.spotify.com\/show\/192KwbDpOsZbF3dBXfaDkS\" target=\"_blank\" rel=\"noreferrer noopener\">Spotify<\/a>\u00a0and\u00a0<a href=\"https:\/\/podcasts.apple.com\/ro\/podcast\/commercial-property-executive\/id1552202952\" target=\"_blank\" rel=\"noreferrer noopener\">Apple Podcasts<\/a>!\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Veteran Glenn Brill provides his outlook for the sector in the first-quarter episode of our podcast series. <\/p>\n","protected":false},"author":238,"featured_media":1004369645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21747,21795],"tags":[37237,52573],"class_list":["post-1004701094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-office","category-podcasts","tag-fti-consulting","tag-fti-experts-hub"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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