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Report: COVID-19 Impact on the Downtown Office Market and Tenants

July 2, 2020
View of the Indeed building downtown and a reflection of the Frost Building

We recently surveyed downtown property owners, managers, developers and tenants to understand the impact that the COVID-19 pandemic has had on the downtown office market. We interviewed 11 individuals from 10 different companies representing more than 10.5 million square feet of downtown office space in 30 properties and more than 480 tenant companies.

Our goal was to evaluate the following:

  • Impact on office occupancy
  • Anticipated time-frame for tenant returns to the office
  • Key steps owners/managers and tenants are taking to ensure health and safety
  • Outlook on short and long-term impacts on the office market and development

Review the highlights of our findings in the summary report.

We will continue to monitor the ongoing impact of this crisis and to provide relevant information to our members and the broader downtown community.

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