Why Office Can be Challenging
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The deals that make sense are hard to find, said panelists at RealShare Phoenix Metro.
PHOENIX—How do you underwrite for the future? For Millenials? How do you look at deals three years out? Those were some key questions coming from moderator Judi Butterworth, SVP of Velocity Retail Group, to panelists at this year’s RealShare Phoenix Metro conference, which drew nearly 200 in attendance.
According to Michael Klein, co-founder, COO and managing director of Partners Capital Solutions Inc., that is the very reasons they do very little office. “Things are constantly changing…there are a lot of issues with office so we are careful.” He explained that expenses are constantly going up as are rents. “The deals that make sense are hard to find.”…
