Companies adjust their office footprint to working from home.
Many office buildings may become irrelevant, many malls already have. What does the future hold for once-flourishing buildings? Housing is a pain point for many people. Now we face higher interest rates and high inflation.
Brick & Mortar Meltdown Continues.
It just doesn’t let up with this outfit.
How Zillow helped whip house prices higher and got caught with its pants down (AI = artificial idiocy?).
Stiffed creditors in China and Singapore seized the halted construction mega-ulcer in San Francisco, the Oceanwide Center.
Caught up in the brick-and-mortar meltdown, it faces its own botched decisions and a market that has horribly turned against its pharmacies.
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.