The Real Deal

Falling demand could wipe out $800B in office value

The world is settling into post-pandemic patterns. That’s bad news for office landlords in so-called “superstar” cities across the globe. Falling demand is set to have a major impact on office values ...
The Real Deal

“Market is resetting”: South Florida’s office values decline after reaching record levels

From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite. The bonanza pushed up ...
Business Insider

The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says

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Financial Advisor

The Brutal Reality Of Plunging Office Values Is Here

The shakeout in the $20 trillion US commercial real estate market has long been delayed for a simple reason: No one could figure out just how much properties were worth. And, more crucially, few ...
The Cincinnati Enquirer

While property values rise elsewhere, biggest Downtown office buildings see drop

While overall property values in Hamilton County soared in 2023, the value of many of Downtown's most prominent office towers headed in the opposite direction. From 2020 to 2023, eight of the 10 most ...
Bisnow

McKinsey: 'Moderate' Scenario Would See $800B In Value Erased From Major Office Markets By 2030

The pandemic’s lingering effects could drain $800B in real estate value by 2030 in major global cities, largely due to companies’ inability to get workers back to the office full time, according to a ...
AOL

As office values plunge, property tax collection rates dropping to Great Recession levels

Plummeting commercial real estate values prompted by the shift to remote work are causing a trickle-down financial crunch on cities, schools, park districts and other public operations that depend on ...
Bisnow

'Hard To Fathom': NYC Says Office Values, Even At Class-B Buildings, Rose Last Year

Despite economic headwinds and a historically slow leasing market, the New York City Department of Finance has determined that the average office building, regardless of age, is more valuable today ...
The Business Journals

Minneapolis-St. Paul office property values expected to fall further

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Some of the Twin Cities largest ...
Business Insider

America's office market will plunge another 20% in value next year and will take decades to climb back to its peak

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Los Angeles Times

A second act for empty office space? How skyscrapers in downtown L.A. could ease the housing crisis

The transformation of a sleek, granite-clad office tower on the edge of the 110 Freeway into deluxe apartments is about to begin, and developer Garrett Lee thinks the nearly 40-year-old building can ...