“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.”
Yahoo tries to “quietly” dump its Holy Grail property.
Last time a “plateau” was declared, the market crashed.
“If this isn’t the peak, we’re probably close.”
Intoxicating boom and terrifying bust.
“Reminds me of what happened in mortgage-backed securities in the run up to the crisis.”
Commercial Mortgage Backed Securities “cannot afford a repeat of 2008-2009.”