4 ms·
Although the article seems to suggest that while office vacancies are double the historical average, prices have only fallen 10% from the highs in 2020. Seems l
by laweijfmvo 4y ago
Although the article seems to suggest that while office vacancies are double the historical average, prices have only fallen 10% from the highs in 2020. Seems like the market hasn't accepted the shift yet.
- bombcar 4y agoCommercial properties are notorious for never wanting to lower lease/sqft rates - going so far as to do all sorts of modifications/rebuilding "for free" to keep the lease rates high (even if empty). It has to do with the valuation of the properties and not needing to get the cashflow for a VERY long time.