A costly slow process that gives some buildings a second life.
But tenants have choices and negotiating power.
Asking rents spiked 10%-25% in half the cities. Rents fell in only a few, incl. -25% in San Francisco from 2019 peak.
China hasn’t bailed out its over-indebted property developers yet, to the shock of foreign investors who’d bought their dollar bonds. Could the forced deleveraging trigger a financial crisis?
Formerly temporary, now persistent work-from-home turns into slow-motion nightmare for office landlords.
It should just forget about selling movie tickets, and stick to selling its shares to future meme-stock billionaires.
As largest mall landlord in the US sheds its malls, CMBS holders, such as bond funds and pension funds, take the losses.
Opening weekend ticket sales in 98th place, but streaming revenues hit it out of the ballpark.
Oil Bust Houston hardest-hit. San Francisco, once hottest US market, coddles up to it, followed by Los Angeles, Chicago, Washington D.C., Seattle, and Manhattan.
The sector was already hit hard by Brexit, then by lockdowns, and now by working from home as companies plan to cut floor space.