Years of overbuilding and the transition to remote work has raised the U.S. national office vacancy rate to 19.6 percent, compared to 18.8 percent a year ago, Moody’s Analytics reported, the highest since at least 1979, the year Moody’s began tracking the data.
Tag: Office Building Bust
SPOTLIGHT TOP TREND 2023: OFFICE BUILDING BUST
When the COVID War was launched in January 2020, and politicians across the globe enforced draconian lockdown mandates, among them forcing people to stay in their homes and not go to work, we had forecast and Office Building Bust...
SPOTLIGHT: OFFICE BUILDING BUST
Hedge funds have become short sellers—investors betting an asset’s value will fall—in commercial real estate.
OFFICE BUILDING BUST SHOOTS DOWN ANOTHER HIGH FLYER
Sigma Holding, which owns department stores and office buildings in several countries, has declared insolvency in its native Austria, similar to filing for bankruptcy in the U.S.
TOP TREND 2023, OFFICE BUILDING BUST: FEDERAL OFFICES MOSTLY EMPTY
The federal government spends roughly $2 billion annually to operate office spaces it owns, and $5 billion more to lease others, but up to three-quarters of that square footage is probably empty on a given day, according to a three-week study of 24 federal agencies earlier this year by the Government Accounting Office.
TOP TREND 2023, OFFICE BUILDING BUST: BUILDING OWNERS CAN’T BORROW MONEY TO PAY LOANS
Among securitized office mortgages that came due during the first nine months of this year, only one in three was paid in full by 1 October, according to Moody’s Analytics.
TOP TREND 2023, OFFICE BUILDING BUST: TROUBLED COMMERCIAL PROPERTY LOANS ARE INCREASING, ECB WARNS
Eurozone real estate companies are seeing mounting losses amid high interest rates, inflated operating costs, falling property values, and a weak rental market, the European Central Bank (ECB) reported.
SPOTLIGHT: OFFICE BUILDING BUST: WORSE TO COME FOR OFFICE SECTOR
While the Office Building Bust is very old news for Trends Journal subscribers—we had forecast this three years ago—it is now just making it into the mainstream news.
SPOTLIGHT: OFFICE BUILDING BUST: “COME BACK TO THE OFFICE” BECOMES DISABILITY DISCRIMINATION
Employers demanding workers return to centralized offices are being hit with a growing number of charges that they discriminate against employees with disabilities.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The value of commercial loans officially considered “in distress,” meaning they are approaching default, reached $79.7 billion in this year’s third quarter, the highest since 2013, MSCI Real Assets reported.