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.”
Big Tech & Startups Getting Ready for Reality: Shedding People, Offices, and Warehouses by Wolf Richter • Jul 27, 2022 • 126 Comments It’s kind of sobering. Reality has that effect, after a drunken binge.
Vacant New Condo Tower in San Francisco: Tentacles of China’s Collapsing Property Developers Reach Deep into US Cities by Wolf Richter • Jul 25, 2022 • 174 Comments As the condo market is going south on you, you can always try to sell the tower to an investor to convert to rental apartments. But that’s tough too.
Riding Out the Recession in Commercial Real Estate: Time to Hold? by John McNellis • Jul 3, 2022 • 198 Comments Our property with a Walmart store has arguably declined 25% in value in the last six months. But cash-flow hasn’t changed.
