Here's your summary from How Commercial Real Estate Is Changing The US (https://www.youtube.com/watch?v=wCXIzrlNWyY) on the Bloomberg Television channel:
**TLDR:** Commercial real estate in the US is experiencing changes due to factors like tenant improvement allowances, pandemic-related modifications, and potential market shifts.
**Key Points:**
1. Rents in commercial real estate have remained stagnant, but the net effect of rents has been impacted by factors like tenant improvement allowances and brokerage commissions.
2. Landlords are facing increased work and capital expenditures to make buildings leasable, especially in competitive markets like New York City.
3. Market conditions may lead to potential discounts on property values, forcing owners to consider reinvestment strategies or even residential conversions.
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