The national occupancy rate dropped to 81.7 percent during the months of April to June, a 79 basis point drop from the quarter before, according to a quarterly report from the NIC.
While there may be a smaller pool of qualified individuals to step into higher-level roles, recruiters and hiring managers also have to grapple with a historically low U.S. unemployment rate.
“I think, given the complexity and history of Forest City, there are only very few potential buyers out there,” says Paul Adornato, a veteran REIT analyst.
There doesn’t appear to be any slowdown in the demand for this product type, particularly with the increasing use of technology and the growth of remote working.