REIT - Office
This industry invests in commercial office space, ranging from central business district skyscrapers to suburban office parks, leasing primarily to corporate tenants.
Why it exists
Office REITs exist to provide centralized workspace for knowledge and administrative labor.
Why it’s necessary (historically)
Firms once required physical co-location for productivity, collaboration, and control.
Key components
Urban and suburban office buildings
Long-term corporate leases
Tenant improvements
Parking and amenities
How to evaluate businesses
Occupancy, tenant credit, lease rollover schedules, and capital reinvestment needs are critical. This subsector is undergoing structural repricing due to remote work.
How the industry could be improved
Adaptive reuse, hybrid work design, flexible lease terms, and conversion of outdated assets to residential, healthcare, or mixed-use.