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Additionally, Moody's, not exactly the guys you want to stand on for downside real estate projections. Commercial real estate in SF is in its worst straights y
by shaburn 4y ago
Additionally, Moody's, not exactly the guys you want to stand on for downside real estate projections.
Commercial real estate in SF is in its worst straights yet.
Let's see how all these numbers average out after valuations continue to reset in both forms of real estate, tech, local construction, etc. Commercial owners are on course to paying people to sleep in buildings to look occupied.
The bottom-line is the sheer volume of commercial square footage, rapidly dropping residential values, tech layoffs, will eliminate the "shortage" story butting up against NIMBY'ism and Socialism faster than cases with high power attorneys and rich landowners will give up legal ground in California.