Bill Rudin sees positivity in the office market. He's mostly focused on NY city.
As we try to remain as neutral as possible despite our fairly negative / cautious outlook, it's important to look at the situation from all angles and make sure we look at all the 'pieces of the puzzle'.
Weitz: My thoughts on this interview is 1) he leans on a lot of anecdotal evidence which I can't stand. "18 new Broadway shows are coming"; "we signed a lease". One perception doesn't make a big picture reality. I don't think we are going to truly see the the office issue resolved for years until we settle into a new normal with the work from home vs. hybrid vs 5 days in the office. This will vary industry by industry and company by company, but overall, I have to think management teams generally will want to lower their office footprint while also creating a office culture.
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