I’m a commercial contractor that specialized in large corporate office and call center construction pre pandemic. Haven’t built a pure office since 2019, the last one I built I’m about to gut back to a warehouse 4 years later. When people say “commercial real estate is dead” they actually mean corporate office. Warehouse/flex/production space is booming in my are, especially small and medium size spaces. In my area shithole 10k SF warehouses are commanding higher rent than class a office. We are tearing out $50/sf buildouts to make more warehouse space because the rent justifies it. Any office building with the bones to go to warehouse is an investment opportunity.