What’s Behind the Tech & Social Media Layoffs? by Wolf Richter • Jan 25, 2023 • 114 Comments Drunk with Easy Money, companies were hogging office space and workers for a future that did not come.
Residential Construction Splits: Multifamily Starts in 2022 Jump to Highest since 1980s Boom, Single-Family Starts Drop by Wolf Richter • Jan 19, 2023 • 147 Comments What this means going into the slowdown.
Are Tech Layoffs in San Francisco and Silicon Valley the Latest Hit to Bay Area Rapid Transit (BART)? by Wolf Richter • Jan 9, 2023 • 100 Comments BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.
I Asked What it Would Take to Get Gen Z Back to the Office: “Private Offices, Man. Microsoft Gives Them to Everybody” by John McNellis • Nov 24, 2022 • 226 Comments What? Old-school offices work better than WeWork playpens? Reinstalling private offices in the growing legions of ghost buildings may be worth a try.
Office REITs Massacred as the Future these Office Markets Were Built for Got Cancelled by Working-from-Home by Wolf Richter • Oct 4, 2022 • 80 Comments “Expect more distress from some owners as loan defaults and relinquishing of assets could increase going forward.”
Construction Spending Ticks up, Non-Residential Hits Record, Residential Stalls after Blistering Boom by Wolf Richter • Oct 3, 2022 • 27 Comments Office construction wobbles along at much lower levels, amid a glut of vacant offices.
Amazon to Close 4 of its 5 US Call Centers, Shifts to Work-from-Home, after Closing 44 Warehouses, Halting Construction on 7 Office Towers by Wolf Richter • Sep 29, 2022 • 124 Comments The giant’s footprint reduction to cut costs sinks Commercial Real Estate.
Craigslist Cuts Asking Price of Class A Office Building it Owns in San Francisco by 40%. The Building is 78% Vacant by Wolf Richter • Aug 17, 2022 • 92 Comments Last time it tried to sell the building was in 2019. Now the office market is an entirely different ballgame.
Boom & Bust Cycles: Construction Starts of Single-Family Houses v. Multifamily Buildings by Wolf Richter • Aug 16, 2022 • 53 Comments Starts: Single-family houses: -18.8% year-over-year; larger multifamily buildings: +15.9%. Here are the long-term trends.
The “Under-Demanded” Office Market by John McNellis • Aug 6, 2022 • 120 Comments “There’s almost no liquidity in the office market. No one knows where pricing will be when one of these towers finally sells.”
