Shorter leases? Top real estate executives Durst and Jones talk about the future of the office
Hotel operators aren’t alone in the race to create better experiences to attract visitors to their properties.
Office landlords also have been forced to adapt to the pandemic, including focusing on wellness, top amenities and a better overall experience for workers as part of a perhaps once-in-a-lifetime shift in the way office buildings serve tenants.
Potentially, the shift also means more traditional landlords could take a page from the WeWorks of the world, and offer tenants shorter-term leases.
“Office leasing has been great for long-term leases. We like it as investors, lenders and owners,” said Tammy Jones, co-founder and chief executive officer of Basis Investment Group, a national real estate investor and lender. “But there is talk about making office leases shorter.”
Jones, in a video interview with MarketWatch, pointed to the…