It was the best of times; it was the worst of times. For industrial and office real estate brokers, this Charles Dickens quote seems to encapsulate 2020. And, although still in its infancy, in 2021 this sentiment is continuing to ring true.

Unfortunately (or fortunately, depending on your perspective), while the “best of times” has been primarily felt by the industrial sector, it is the office sector that has borne the brunt when it comes to the “worst of times.” Those of us who have been doing this long enough know that this is not the first time the market balance within commercial real estate has favored one sector over the other. However, I doubt that anyone has witnessed a sector contrast as stark as the one we have seen over the past 10 months…

Click here to read Dan Smolensky’s full article featured by RE Journals