5 ms·
Something tells me there's a significant chunk of the total CRE market in terms of sq ft and rental income that is not coming back even if everything reverts to
by _curious_ 7y ago
Something tells me there's a significant chunk of the total CRE market in terms of sq ft and rental income that is not coming back even if everything reverts to normal in a month.
Plenty of companies were already overextended financially, or outright unnecessary in the first place. Some the owners burnt out, ready to retire, etc. that have been forced early.
In other words, that market has since peaked - does anyone think otherwise?
- tonyedgecombe 7y agoI remember reading an article in the economist a couple of years ago that said the US has vastly more retail space than it needs. Something like eight times as much per capita compared to the UK.
- _curious_ 7y agoI could believe it...of course that probably means 8x inflated CRE agents/brokers too.