Moye White partner Matt Dillman recently contributed his expertise on the current state of the Colorado commercial leasing market in a Lexis Nexis Practical Guidance Expert Interview.
In the article, Matt provides commercial real estate insights regarding current market trends, lease negotiations, and the future of commercial leasing. The Q&A formatted interview touches on the long-term effects of the COVID-19 pandemic, the continued growth in the warehouse and industrial leasing market, retail leasing, the rise of interest rates and more.
The interview was published on May 31 by Lexis Practical Guidance. An excerpt from the article is below.
Q: Sticking with office leasing, are you still seeing ongoing effects of the COVID-19 pandemic, such as tenants looking for less space than pre-pandemic or seeking different sorts of amenities and/or floor plans?
A: Yes, we are. Many tenants still have not made a physical return to the office. In my clients’ buildings, we’ve seen actual physical occupancy at approximately 35% of tenants working in the office on a daily basis at the beginning of the first quarter of 2022. My firm is a good example. We recently signed a lease to move into a new and smaller space that better fits our needs, even though we are in growth mode. With not everyone in the office daily, we plan to have shared office space and other programming. We are also planning collaborative work areas. People have become used to the conveniences of working from home. Creating a cool and comfortable work environment is even more important than before.
View the full interview.
About Moye White LLP
Moye White is a full-service business law firm serving clients throughout the United States and internationally, with offices in Colorado and Georgia. The firm provides legal representation to clients in a wide variety of industries offering strategic, business-oriented counsel to public, private, and governmental clients in complex business and real estate transactions and commercial litigation matters.