Short-Term Woes Could Yield Long-Term Wins for Alert Office Investors

In classic contrarian fashion, investors in office space might want to watch closely in the coming weeks and months for the opportune moment to strike some deals downtown. Downtown office space is taking a beating during the pandemic, and there’s certainly a lot of reason to believe that working from home (WFH) is as much permanent reality as temporary trend, but there’s also reason to believe otherwise, especially for longer-term commitments in that segment of the commercial real estate market. "Some of the markets likely to experience the worst impacts in the near-term (2021 and 2022) may also have the strongest demand over the next decade, potentially creating a unique buying opportunity in coming quarters," says a new report from MetLife Investment Management.