Alexandria Real Estate Equities founder Joel Marcus discusses how the commercial market is fairing between remote work and rising interest rates.
"The old economy companies, insurance companies, to some extent financial companies, are having a harder time and are trying to force people back in," Marcus explained. "The tech world – some are stay-home permanently, but many are doing hybrid."
Alexandria Real Estate Equities founder Joel Marcus said remote work and rising interest rates are the"two big shocks" to the commercial real estate market on"Mornings with Maria" Wednesday, June 8, 2022."Nobody does lab work from home. So our laboratories have been working 24/7 since the beginning," Marcus noted. "And these are complicated buildings.
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