From the survey, key insights include:

1. Shifting Tenant Preferences

• 68% of tenants want short-term leases → suggests demand for flexibility, and traditional long-term office leases may not return
• Could enable premium pricing via flex space or shared amenities

2. Strong Support for Rezoning

• 80% city official support → makes residential or mixed-use conversion viable and politically feasible

3. Market-Wide Office Glut

• 42% vacancy in comparable buildings → confirms macro trend; client isn’t uniquely weak
• Suggests urgency: supply may exceed demand for years

4. Weak Coworking Expansion

• Only 15% coworking growth locally → caution on assuming WeWork-type tenants can fill the gap
• Reconsider coworking as a large-scale strategy

Implication:
The clearest opportunity lies in residential or mixed-use conversion, enabled by rezoning support and tenant flexibility preferences. Coworking may play a niche, not central, role.