Commercial office outlook, opinions, ideas

[Brennan Vaughn]

Hey BP community,

Looming for some guidance and thoughts on commercial office space. I have only multis in my portfolio today.

Firstly, I see a lot of development talk around conversions to multifamily. What are some other interesting things you’ve seen. ?

Secondly, this is 3 story Commercial office space. 16 of 24 suites are filled. Under renting by $2-$5 per sq foot, & landlord paying all expenses - electric, gas, trash, insurance, taxes,water, etc. what are you doing immediately to fill this and reduce expenses? Is it common for commercial tenants to pay for utilities ?

Any thoughts welcomed