RE Journals
It’s no secret that the office sector continues to struggle. Companies are downsizing their office space as more of their employees work at least part-time from home. Older office buildings are struggling to attract tenants, many of whom are now renting a smaller amount of higher-quality space. And a growing number of owners are considering converting their underperforming office properties into multifamily space, an option that only works for a select few buildings.
This doesn’t mean that there aren’t opportunities in the office sector today. Just ask Redline Property Partners, an investment, management and development firm with offices in Minneapolis and Charlotte, North Carolina.
