Just curious - where is the market like that?
I've been casually watching, and I see empty office buildings and empty mall stores everywhere I look (I've done no national research).
I thought occupancy was down long before before COVID.
Are you bidding on the SF office building?
The ‘smile’ states, which essentially runs from AZ through TX all the other southern states, FLA, GA, SC, NC, VA and I’m sure a few others. The market is extremely active tight and expensive. Office tenants are giving back space or subleasing but activity is high and alot of these tenants have leases and are renegotiating or subleasing.
Malls are a different animal but strip centers and lifestyle centers are essentially full.
Occupancy of ALL CRE prior to covid was very high.
I would never buy nor advocate buying anything in a blue city