Highwoods CEO Sees End to Office Densification Trend
Ted Klinck says de-densification of office space could offset increase in remote working.
President, Chief Executive Officer & Director, Highwoods Properties
Search every verified Theodore Klinck interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a June 2020 interview, Theodore Klinck, President and CEO of Highwoods Properties, discussed the company’s near-term priorities amid the COVID-19 pandemic, citing employee and customer safety, maintaining liquidity, and keeping buildings operational. He noted that Highwoods was working with customers needing rent relief and focusing on reducing operating expenses and capital expenditures while keeping its development pipeline on schedule. Klinck stated that it was too early to determine the pandemic's long-term impact on the office sector, comparing the potential evolution to the gradual densification trend of the past 15–20 years. He said that most customers were not planning significant permanent changes to their space layouts in the near term, and he predicted that the densification trend was over and likely to reverse, with de-densification potentially offsetting increased remote work. He also suggested that companies would continue using office space as a recruiting and retention tool and that Sun Belt markets could see increased demand from companies relocating from denser regions.
Ted Klinck says de-densification of office space could offset increase in remote working.
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