- Insufficient supply to support the European office market
- Post-pandemic work can increase space demand
- Europe outperforms US and attracts US investors
London, July 6 (Reuters)-After more than a year of working from home, real estate investors say COVID-19 vaccination will begin and demand for office space in Europe will increase as people return to work. I’m confident.
According to real estate broker JLL, global office real estate rents fell 31% in the first quarter compared to a year ago, but Europe proved to be more resilient than the United States.
“The perception that the office is over is totally nonsense,” said Keith Breslauer, managing partner of European real estate investor Patron Capital.
“No one in wise money believes it.”
One day last month, Breslauer tackled three new office development opportunities in a provincial city in the United Kingdom. “We weren’t alone,” he said.
The long-term impact of pandemics on work…