Office Market Terra Firma: Absorption, Obsolescence & Condo Conversions
About this episode
The episode discusses the stabilization of the office market with insights on demand forecasts and net absorption trends.
The office market has officially found "terra firma". In this episode, host Michael Bull is joined by Marc Selvitelli, President & CEO, Commercial Real Estate Development Association, to deliver the latest demand forecasts, net absorption trends, and massive organizational news. Effective July 1st, NAIOP is officially rebranding to CREDA—The Commercial Real Estate Development Association. Marc shares how this shift reflects a membership base that has expanded far beyond traditional office and industrial space into multifamily, mixed-use, retail, data centers, medical office, and industrial outdoor storage. Past the rebrand, Michael and Marc dive straight into the numbers, revealing that the office sector has logged positive net absorption for three consecutive quarters for the first time in four years. Learn what is driving this stabilization , why Class A and trophy spaces face severe supply constraints , and how contrarian investors can capitalize on the buy of the decade. Connect with Marc Selvitelli: https://www.credaglobal.org/ https://www.linkedin.com/in/marc-selvitelli-cae-7b6a991 Connect with Michael Bull & The Show: Michael Bull, CCIM Bull Realty, Inc…
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