With the U.S. labor market settled into a normal balance and open jobs less plentiful, more employers are becoming more strict about white-collar workers putting in at least some of their work time at central offices.
Tag: TOP TREND 2023
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TOP TREND 2023, OFFICE BUILDING BUST: PENSION FUNDS STUNG BY OFFICE BUILDING BUST
Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
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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...
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: LEADERS OF UN, IMF CALL FOR END TO FOSSIL FUEL SUBSIDIES
António Guterres, UN secretary-general, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF) called for an end to global subsidies of fossil fuels, which surpassed $7 trillion in 2022, according to an IMF analysis.
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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.
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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.
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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.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: EXXONMOBIL GOES INTO THE LITHIUM BUSINESS
ExxonMobil, the world’s most profitable oil company, will drill for lithium on 120,000 acres it leased earlier this year in Arkansas’s Smackover oil play, the company has announced. It expects to bring its lithium to market in 2027.
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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.
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