A 'Cleansing' Of The Brokerage Ranks Is Afoot As Deal Volume Collapses

David Sturner, the CEO of MHP Real Estate Services, started making calls to members of his team last Friday to deliver some news. The company’s office leasing arm, comprising 16 brokers, is closing.

“We don’t think there will be a lot of brand-new leases,” he said. “People just don’t know how much space they are going to need.”

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