What are your predictions for the office sector in 2026?
JONATHAN LORENZEN, REAL ESTATE PARTNER
“I predict increasing demand for recently renovated office space located within close proximity to desirable retail areas, which will serve as an off-site amenity, drawing more workers back to the office. Class-A projects have been in high demand and will be in shorter supply, with very few new projects available due to the pause in construction in recent years. This means that tenants will increasingly look to these recently renovated projects as the next best option.”
ELIZABETH WILGENBURG, REAL ESTATE PARTNER
“In 2026, I anticipate continued bifurcation in the office market. Top-tier, well-located buildings with strong amenities will remain competitive, while older or poorly located assets may struggle with higher vacancies and declining rents. Many owners will look to reposition or repurpose outdated office properties to meet evolving tenant needs and improve performance.”
SHAUNT KODAVERDIAN, REAL ESTATE PARTNER
“The rapid growth of AI and tech-related firms is already reshaping the office market, and that momentum should carry into 2026. These companies are rapidly expanding their physical footprints to support their growth and operations, often targeting high-quality, centrally located buildings. Their demand could help stabilize leasing activity in several markets and offset some of the softness seen in other sectors.”