What if the office had the social aspect of a private club and the hospitality of a luxury hotel? That is one strategy Paramount Group is exploring, according to a Q&A with Albert Behler, Paramount Group’s chairman, CEO and president, titled “Class A office” and published in the October issue of Institutional Real Estate Asia Pacific.
“We anticipate that the US office sector will continue its recovery in 2025, although the pace and degree of that recovery will vary considerably by location, building class and tenant demand,” says Behler. “The sector is exhibiting signs of stabilisation as leasing activity continues to gain momentum, resulting in improved fundamentals.”
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