CCP Commercial Office Digest

Callahan Capital Partners is a real estate private equity firm focused exclusively on the origination, acquisition and management of high-quality office assets throughout the United States. 

Here's a glimpse into what we are reading to shape our view on the evolving office market.

The Wall Street Journal covers the rising prevalence of the back-to-office push from employers including Meta and Salesforce. Read more here.

While it’s yet to be determined when and how we will reach the bottom of pricing for office assets, Collier’s suggests that uncertain times may present tremendous buying opportunities. Read more here.

Gensler suggests a shifting of the office asset narrative from “flight to quality” to “flight to experience”, implying that the aesthetic qualities of a building are not enough to drive employees back to an office.  Workplace operators must utilize the operations of a building to create communities which employees truly appreciate.  Read more here.

VTS’s Q4 2022 Green Shoots report notes that term of lease proposals the latter half of 2022 was back to being in line with the pre-COVID average of 8.1 years.

CCP utilized data from Cushman and Wakefield’s Obsolescence Equals Opportunity report to visualize the trifurcation of office assets by quality in the US.