LaSalle Investment Management’s Rich Kleinman Talks about the Outlook for the Office Sector
National Real Estate Investor
With the unemployment rate at 4.3 percent, the U.S. office market is enjoying a long expansion cycle. A dramatic shift in workplace preferences, however, has changed the way office tenants use space and elevated their expectations about building amenities. These changes are driving office owners and investors to reposition older assets to compete with new office projects coming to market.
NREI asked Rich Kleinman, Managing Director of Research & Strategy for LaSalle Investment Management, the fourth largest global office owner with 47,644,390 sq. ft. of office space, how the current office market is impacting LaSalle’s assets and what changes the company is making to attract tenants with a young workforce to its office buildings.
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