I predicted this over a year ago.
This is just the tip of the iceburg. Incredible, economy-shaking defaults are coming in the commercial real estate business - and they will domino-affect everything......
Exactly, everyone is watching the ‘housing markets,’ but are missing the commercial real estate and office space sectors.
Who gets these bail-outs when this all collapses. Because I do not see this getting any better as workers are demanding work from home or hybrid arrangements.
About the only sector that may profit from this new work-style are the day office rentals. But the days of the dedicated office are over.
Curious what your year old prediction was based on.
I predict the office building slump won’t recover….due to labor shortage, as well as population decline.
Agree that this will have severe domino effect.