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Take office real estate, which accounts for most of the now-sold properties referred to in the WSJ article. Some companies are mandating a return to office, and New York City’s mayor has met ...
In turn, the office sector was the “most significantly affected segment within commercial real estate, enduring the biggest losses in 2023,” NAR reports, adding that “it’s unfortunate ...
The appetite for offices is so low that there may be as much as 1 billion square feet of unused U.S. office space by the end of the decade, according to a report early this year by real estate ...
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [5]
Zonda Home provides data and publications relating to commercial property and home construction in North America.The company's publications include Architect, the official magazine of the American Institute of Architects, Builder, the official magazine of the National Association of Builders (NAHB), Pool & Spa News, Journal of Light Construction, Affordable Housing Finance, and Multifamily ...
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Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California.It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users.
There have been several signs in the past couple of years that commercial real estate was headed toward a major downfall. Office vacancy rates reached a 30-year high around 18% in 2023. Companies ...