Construction Spending on Data Centers, Factories, Chip Plants, Powerplants, Office Buildings: Boom one End, Bust the Other by Wolf Richter • May 7, 2026 • 21 Comments AI investment mania and the second wave of semiconductor plants.
RTO Languishes Despite Efforts to Force it to Happen, only Minuscule Reduction in WFH since Early 2023 by Wolf Richter • Apr 22, 2026 • 18 Comments The share of “full paid days worked from home” has been declining by only about 1 percentage point per year.
Construction of Data Centers, Power Plants, Factories, and Office Buildings: Boom & Bust by Wolf Richter • Mar 23, 2026 • 53 Comments Explosive spending on data-centers exceeded plunging spending on office buildings for the first time ever.
Another Mostly Empty Office Tower in San Francisco Sells for 75% Off: Juul’s Abandoned Headquarters by Wolf Richter • Mar 16, 2026 • 45 Comments Now there’s a new wave of investor-funded tenants in town that are swimming in cash: AI companies.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom, Bust, and in Between by Wolf Richter • Feb 28, 2026 • 35 Comments Despite the hoopla about data centers, spending on factory construction was five times larger.
Single-Family & Multifamily Construction: Bring on the Supply just as Population Growth Slows to a Crawl by Wolf Richter • Feb 18, 2026 • 53 Comments This is precisely what this overpriced and frozen housing market needs.
Office CMBS Delinquency Rate Spikes to Record 12.3%, Much Worse than Financial Crisis Meltdown Peak by Wolf Richter • Feb 3, 2026 • 54 Comments Spike of defaults in January was triggered by two Manhattan office towers; one of them is heading to a foreclosure sale.
CMBS: “Commercial Mortgage BS” by John McNellis • Dec 5, 2025 • 36 Comments “We should have learned our lesson and sworn off CMBS forever”: McNellis, commercial real estate developer.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom at One End, Bust at the Other End by Wolf Richter • Nov 17, 2025 • 62 Comments But spending on factories dwarfs spending on data centers.
Who Takes the Losses on Office CRE? Here’s an Example: the Bankruptcy of Office Properties Income Trust by Wolf Richter • Nov 3, 2025 • 28 Comments Shareholders got wiped out, noteholders take losses and get the company, banks appear to be largely unscathed.
