Commercial Real Estate at a Crossroads: Office Occupancy and Demand Insights from BOMA's Second COVID-19 Impact Study
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As businesses reconsider their physical footprints in the aftermath of the COVID-19 pandemic, space reductions and reimaginings are on the horizon, even as the value of the in-person office remains strong for tenants. In short, commercial real estate and the future of the office as we know it are at a major crossroads. This is just one key takeaway from the Q2 2021 BOMA International COVID-19 Commercial Real Estate Impact Study published by BOMA International, underwritten by Yardi and developed by Brightline Strategies.
This first of three 30-minute information sessions explores the findings of this study related to office occupancy and demand. With almost two-thirds of the tenants surveyed saying they believe COVID-19 was a “tremendous inflection point” for their workplaces that will transform the way they do business for some time to come, what impact will the pandemic have on the future of the commercial real estate industry?
During this session, participants will:
- Explore the comprehensive findings of BOMA International’s second nationwide study of U.S. office tenants tracking the impact of the pandemic on corporate occupiers;
- Learn more about which tenants are the most likely to renew their leases and which are more likely to be reassessing their space needs; and
- Hear what office tenants are saying about how much they value their physical office spaces and what that means for future office demand and occupancy levels.
Michael Broder
President & CEO
Brightline Strategies
Mr. Broder's work has received numerous awards including: Pollie, Telly, ADDY, AMR Gold Medals, and the International Television and Video Association Award of Excellence. He has lectured at the George Washington University's undergraduate School of Political Communications and the Graduate School of Political Management.
Mr. Broder holds a B.A. in Political Communications from The George Washington University, a M.A. in Campaign Management from the Graduate School of Political Management at The George Washington University, and a J.D. from The Catholic University of America, Columbus School of Law.
James Moore
EVP & COO
Brightline Strategies
James Moore is the Chief Operating Officer at Brightline Interactive based in Alexandria, Virginia. Previously, James was the Managing Director at CLS Strategies and was a Senior Vice President at Edelman
Kevin Hudak
VP for Research and Strategy
Brightline Strategies
Kevin Hudak is a Strategy Vice President, Research at Brightline Strategies based in Virginia. Previously, Kevin was a Senior Research Analyst at The Tarrance Group. He received a BA degree from Dartmouth College
Henry Chamberlain, APR, CAE, FASAE (Moderator)
President and COO
BOMA International
Prior to joining BOMA, he was director of communications for the Gannett Company during the launch phase of the Nation’s Newspaper – USA TODAY. He began his career in Washington working in the press office of a national presidential campaign.
Chamberlain is a member of The Real Estate Roundtable, the U.S. Chamber of Commerce Committee of 100, American Society of Association Executives, and the National Capital Chapter of the Public Relations Society of America. He serves on the Careers Building Communities Steering Committee. Chamberlain is a graduate of the University of Vermont.
Brian Sutherland (Moderator)
Vice President of Commercial Real Estate
Yardi
As Vice President of Commercial Real Estate for Yardi, Brian is responsible for leading U.S. commercial sales, marketing and product strategies for asset management, procurement, coworking and energy solutions.
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