In this year’s third quarter, the proportion of office space standing vacant in San Francisco reached 20 percent, compared to 6.3 percent before the COVID War and the highest since 2003. New York City’s share of empty offices was 13.4 percent, also close to a 20-year record.
Tag: Office Building Bust
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The proportion of office workers returning to central offices at least some days each week rose last month to its largest since February 2020, The Wall Street Journal reported.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Echoing Gerald Celente’s July 2020 forecast, Bloomberg’s Markets Live Pulse survey reports that a majority of 919 respondents believe that the market value of U.S. office buildings is due to crash.
SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
The number of office buildings burdened with troubled loans, or already repossessed by lenders, jumped 36 percent in this year’s second quarter from the first, MSCI Real Assets reported.
TOP TREND 2023, OFFICE BUILDING BUST: OREGON’S LARGEST CITY LOSING POPULATION
Portland, Oregon’s flagship city known for being clean and safe and for its hip vibe, watched its population swell by 23 percent during this century’s first two decades.