The Amazon Empire Beefs Up its Logistics Juggernaut by Wolf Richter • Jan 5, 2021 • 101 Comments Wall Street loves conglomerates that are oligopolies or, better, monopolies — companies with a “wide and long-lasting moat,” as Buffett said.
Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises? by Wolf Richter • Dec 18, 2020 • 186 Comments You guessed it: For over half of it, taxpayers are on the hook. Time to take a look.
As Short-Term Renters & Immigration Fizzle, and People Move Out to “Work from Somewhere Else,” London Apartment Vacancies Soar, Rents Drop by Nick Corbishley • Dec 17, 2020 • 57 Comments “Unprecedented space across the West End”: REIT Shaftesbury PLC grapples with a new reality.
California “Techsodus”: Tech Companies, Billionaires, Millionaires, Tech Employees Flee San Francisco & Silicon Valley by Wolf Richter • Dec 14, 2020 • 253 Comments And we coined “Management by Zooming Around.” Which is what Oracle’s Larry Ellison is doing.
Occupancy Plunges to 70% at San Francisco Luxury Apartment Towers across from Twitter Headquarters: a Broad Phenomenon by Wolf Richter • Dec 10, 2020 • 122 Comments While landlords are muttering, “And this too shall pass.”
How Many Renters Face Eviction when the Eviction Bans End? How Much Worse is it, Compared to the Good Times? by Wolf Richter • Dec 8, 2020 • 149 Comments Rent collection data from 11.5 million rental apartments.
“Exodus” in Full Swing: November Rents Swoon in San Francisco, New York, Boston, Los Angeles… But Skyrocket in Other Cities by Wolf Richter • Dec 2, 2020 • 126 Comments San Francisco rents plunged by stunning 27% in 18 months. But in 5 big cities, rents jumped by 20%+. But in some of the cheapest cities, rents dropped.
The State of the American Office: Suddenly Emptying Out Again Under the Second Wave by Wolf Richter • Dec 1, 2020 • 134 Comments Office occupancy plunged by the most in Dallas. In San Francisco, where it had already been rock-bottom, it dipped into the single digits.
Vacancy Rate at Iconic Manhattan Tower with 899 Apartments Hits 26%: This Shows How Fast & Massive the Exodus Has Been by Wolf Richter • Nov 30, 2020 • 130 Comments Then there’s the “single-asset” commercial mortgage-backed security (CMBS) backed only by the mortgage of this tower.
The State of American Restaurants, by City: The Catastrophe of the Second Wave by Wolf Richter • Nov 29, 2020 • 143 Comments Despite the rampant indoorification of outdoor dining.
