4 ms·
https://finance.yahoo.com/quote/HPP/ https://finance.yahoo.com/quote/HPP/ I know it's only tangentially related, but Hudson Pacific is the largest commercial R
by SeanAnderson 3y ago
https://finance.yahoo.com/quote/HPP/ https://finance.yahoo.com/quote/HPP/
I know it's only tangentially related, but Hudson Pacific is the largest commercial REIT for the San Francisco (and LA) area. They're down 80% on the year and still falling.
So, I don't find the 75% devaluation figure to be entirely unreasonable.
https://www.kastle.com/wp-content/uploads/2023/05/Kastle_dashboard_separate-2_5.15.jpg https://www.kastle.com/wp-content/uploads/2023/05/Kastle_das... Currently at 44% (down from 100%) workplace occupancy based off of Kastle badge swipe data from pre-pandemic.