This has been a struggling asset class that is still seeing a lingering impact from the pandemic.

I’ve had clients consistently investing pre-pandemic, during the pandemic, and post-pandemic.

However, office vacancy rates remain high and are expected to peak at 19.8% by mid-2025.Larger companies are still reducing space, while smaller firms are shifting toward expansion, having reassessed their post-pandemic office needs.

We as accountants would likely reap a lot in fees from it similar to ERTC/PPP but there's nothing really pressing for it to get pushed through, unlike the pandemic for those programs.

Although leasing activity is down 63% from pre-pandemic levels, the pace of new vacancies is slowing, reducing unoccupied space from 58 million to 44 million square feet over the past year.Multifamily PropertiesHigh mortgage rates have boosted demand for rental units, with net absorption up 90% year-over-year.

Unlike the frenzied buying behavior during the pandemic, today’s buyers are more selective and are seeking properties that offer true value.This shift has led to increased demand for move-in-ready homes and properties that are in excellent condition.

The rate is good, but Hawaii has continually hit appreciation booms for the last several years so it should still go up, but not as crazily as from the pandemic to now.

Cash flow has not been easy to get in the last few years due to the appreciation home saw due to the Pandemic.

Also sec 8 is a great model if a pandemic or loss of income is a concern.

These renewals are helping maintain occupancy levels, even as companies remain cautious, opting to renew in place rather than relocate.The pandemic has led to a reevaluation of office space needs, with many companies downsizing or offloading excess space.