Gets even gloomier, hammers ZIRP, starts selling.
Previously “pent-up” real-estate demand to “fizzle.”
Signs of a bust pile up.
This could get very ugly!
“All it takes is a couple of big tech companies folding and the floodgates open, causing the sublease market to blow up, rents to drop, and new construction to grind to a halt.”
So who is getting hit?
Other tech-heavy office markets too.
The bigger the price, the better.
Every now and then we get a sign.
Watch the banks.