The demand for urban space continues to rise as the promise of a post-vaccine world emerges on the horizon.
With light now at the end of the tunnel, the trend of rapid de-urbanization in core markets continues to accelerate, despite the emerging challenges from the pandemic.
Accepting a new reality is part of that challenge. Working from home has led to rethinking the needs for office sector environments. As employers become more flexible, it is important to review tax, infrastructure, and budget deficits to determine how much space is actually needed.
In this episode of the AFIRE Podcast, Cedrik Lachance, EVP, Director of Global REIT Research at Green Street, discusses how the office sector is affected, and why it’s transforming the real estate market.
Cedrik is the Director of Global REIT Research and a member of the executive leadership at Green Street. With more than 30 analysts based in Newport Beach and London, his team covers over 125 publicly traded real estate companies spanning core and niche property sectors and produces thought-leading research on some of the most important sector-focused topics in commercial real estate.
Prior to this global leadership position, Cedrik was Green Street’s Director of US REIT Research for three years, and over the previous decade he led coverage of the US retail, office, industrial and net lease sectors. In addition, Cedrik led European industrial research as the first analyst at the firm to cover companies in that region. Finally, he previously led the firm’s Quantitative Analytics team in the US and Europe.
Throughout his tenure at Green Street, Cedrik has authored research reports on real estate companies listed in the US, Europe, Australia, and Canada. Cedrik is a past winner of The Wall Street Journal’s “Best on the Street” award in the real estate category and is frequently quoted in major publications.
He is a member of the International Council of Shopping Centers (ICSC), the National Association of Real Estate Investment Trusts (Nareit), the Pension Real Estate Association (PREA), and the Association of Foreign Investors in Real Estate (AFIRE).
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