My early 2024 white paper Office Real Estate at a Crossroads flashed a yellow caution light based on possible commercial real estate mortgage defaults and their impact on regional banks and investors. At that time, the office vacancy rate had risen to 19.6%...
Real estate firm Jones Lang LaSalle recently reported that the amount of office space in the U.S. may decline this year for the first time in history! As depicted below, only 5 million square feet of new office construction commenced this year whereas...
The financial world is bipolar oscillating between extreme fear and giddy enthusiasm, and this tendency is particularly true of industries or sectors that are either in or out of favor. Wall Street’s views are frequently simplistic, one dimensional, and “all or nothing” leaving...
