Kilroy Realty CEO Says COVID Accelerating Obsolescence of Older Office Assets

The coronavirus crisis is increasing the divide between office properties that are staying ahead of tenant safety and wellness concerns, and those that aren’t, according to John Kilroy, Jr., chairman, president, and CEO of Kilroy Realty Corp. (NYSE: KRC).

“I’ve long spoken about the obsolescence of the office stock in the United States…this is simply accelerating that,” Kilroy said Sept. 2 during an NYU Schack REIT Leadership Workshop webinar.