Monday, 18 May 2020

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

Commercial real estate is navigating perhaps its greatest challenge in a generation, if not more. Many of the world’s most prominent companies have indicated that their needs for office space will shrink dramatically, and some analysts have said this could be the end of the office market being a “boring” asset with predictable cash flows. Those shifts have big implications for CoStar Group, the largest data provider in the U.S. commercial real estate market with



source https://therealdeal.com/2020/05/18/exclusive-costars-andy-florance-on-buying-ten-x-the-future-of-office-buildings-and-why-brokers-dont-need-discounts/

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