Corporate Real Estate Market Trend for pre-Pandemic activities in Huntsville

Huntsville, ala. (Waff) The real estate market for companies begins to switch to the pre -Pandemic level because the employees return from home.

Russel says that signs “for sale” and “for rental contract” in almost every corner were not always the case.

“We laid, sold, Huntsville was pretty good, then Covid comes here,” said Russell. “Covid has worked from a concept to a reality from home as we still try to find our way: 'Will we work from home? Will we go to the office? “

Van Sullivan is CEO of Tideum, an engineering consultant in the research park. He said his company had already found it.

“We actually teamed up in a building together with work,” said Sullivan.

Tideum has almost doubled his workforce since the pandemic. Russell said that companies like Tridum prevent the traditional model with cubic models to convince their workforce to return.

“The owners of these companies want to encourage these employees more than they ever have to return to the office,” said Russell.

Sullivan says that only four days before Alabama was closed in pandemic, cut the tape on a new floor of the office space.

“A place full and really ready to” oh my god, what will we do? “And then” Oh my god, how will we pay for this rental agreement? “Said Sullivan.

“We certainly had some of them, especially if they look at some of their smaller companies,” said Erin Koshut, Managing Director of the Cumming Research Park.

Koshut said in a small sample size that the park has had a slight decline in the occupancy a year since the beginning of the pandemic. She believes that return to work not only helps the park to survive, but also to thrive.

“The majority of these companies are in aerospace and defense and therefore the majority of this work cannot be done at home.

Sullivan said that many companies miss the aspects of a research park.

He said

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