Thoughts on The Future of the Office - Office Leasing Career Outlook
With the other asset classes either being white hot or slowly returning, it seems the office is the only class that is stuck in the water. 

How does this look for someone 2 years into office leasing? Wondering if I should jump now given 1) we’re now likely headed into a recession 2) it appears WFH will create such a reduction in space needs that another career might be better to get in front of. 

Thoughts from you all.
[{"id": "ia000xy", "text": "If your interested in long term brokering I\u2019d suggest industrial or MF. They seem to be a product type that is in great demand and will be for a very long time. Retail and office have always seemed very cycle affected and are more heavily affected by the markets up and downs to me.", "replies": [], "depth": 1}, {"id": "ia02t1b", "text": "We have one office building in our portfolio and the demand for small offices has grown a lot, probably because bof downsizing. But otherwise I personally don't see a big future for office, but it definitely won't go away", "replies": [], "depth": 1}, {"id": "ia035fw", "text": "I agree! Offices used to be reasonable before the charlatans started slicing them up into slivers to rent to by the person... such a waste of energy these people cost a society. \n\nI was looking for office space for my record label and it was exhausting, the amount of self important idiots, restrictions, add-ons, NNN, nonsense... long story short; I bought a place! Pay less than rent, have more freedom of use and even have some good long term tenants, that I'm not gouging into oblivion.", "replies": [{"id": "ia23o36", "text": "Any suggestions for a beginner on how to go about this? What is a good/reliable resource to find historical data for office spaces ($/sf) in a particular area? I have little experience with commercial real estate &amp; been working from home office, but now looking to expand (Texas). Any helpful comments would be much appreciated!", "replies": [], "depth": 2}], "depth": 1}, {"id": "iae4nvn", "text": "To be honest don\u2019t really see brokerage in any sectors exciting right now. Your staring down a 100% commission role in a market loaded with uncertainty with most projections being downside. In the office space, return to work is likely going to be stunted by an economic slowdown and companies halting expansion. Amazon slowing down warehouse expansion (which makes up 40% of absorption in some markets) doesn\u2019t make you feel great about that sector even though vacancy rates are tight and rent growth is on fire. In the capital markets space there\u2019s a ton of uncertainty with rate movement. I work in the multi space on the principal side and brokers are coming out of the woodworks with deals that are getting repriced with many institutional buyers on the sidelines", "replies": [], "depth": 1}, {"id": "iaiclmg", "text": "I think office will always play a role. Keep in mind, WFH is still a fairly new trend among the majority of employers and we still do not know what the long-term results look like.\n\nI started in CRE brokerage back in 2017 and when I started EVERYONE said to get out of retail because it was going to crash and everyone was buying online. Although the big-box model is certainly not as relevant, retail has changed to fit more small/mid-sized service retail models, and brokers are still making very good money. In fact, the asset type has done exceptionally well ESPECIALLY during Covid.\n\nI think the office market will change (hybrid being the buzz word). You'll probably see smaller, more flexible floor plans. If you like working in the asset type, I'd encourage you to stay and keep at it. I don't think it makes much sense to completely change asset types based on worries of the asset type future, because the future is frankly still unclear for WFH.", "replies": [], "depth": 1}]