This is one of many such commercial building finances that are running into trouble as vacancy rates on commercial (office) space continues to NOT recover fast enough, and that reason is remnote office work established during the pandemic is not going away, even if it is reduced somewhat.
Well, NYC occupancy may be down. And also down in San Fran.
But I think occupancy in Florida is doing quite well.
Diversification is your friend.
#7 My old work place is mostly empty. It had 300 people there before the illegal lockdown. Currently only a small 5 person group shows up on Thursdays and a few in the Legal dept and more in the Payroll dept and the admin staff that takes care of the building.