Office vacancies hit an all-time high
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- เผยแพร่เมื่อ 7 ก.ค. 2024
- According to a Moody's report, office sector vacancy rates have set a new record at over 20% in the second quarter. The author behind the report and Moody's head of CRE economics, Tom LaSalvia, joins Market Domination to give insight into the report and detail what's behind these record numbers.
LaSalvia elaborates on the shift of office space use: "The way we're thinking about this as obsolescence, that there is a good 10 to 20% of office buildings out there that really just will not be able to compete in this new era, this era of remote work, this era of new offices, this era of new, let's say, centers of power in terms of where office-centric locations are, right? You're getting migration into the Sunbelt. You're seeing even within metropolitan areas like New York, certain submarkets doing much better than others. And so what you're left with is 10 to 20% of obsolete offices that are going to have to find some new life in this new era."
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#office #yahoofinance #vacancy
Bro, no one’s going back into the office. It’s cheaper to pay a $5k/month mortgage for a 4k sq ft home here in Colorado than it is to rent in Silicon Valley lmao.
@Ravi-rl8tt I was definitely paying $4500 a month for a small office and warehouse space in DC & didn't own my own house lol 😭
@@certifiedyaminspector-dadd6224 Lmao, nice. I moved outta Seattle amidst remote work.
5k can only rent a house～1500 sq ft…in silicon valley…
Meanwhile with empty office buildings there are zero apartments or small homes available...
It’s not always profitable to provide society with what it needs
The lie: capitalism is a great way of allocating resources
The truth: capitalism is great at supplying what is demanded… *by those who can pay a lot*
I mean if you want to 500,000 to 1,000,000 dollars then there are.
Big tech will buy them for AI datacenters
Hopefully brick and mortar offices are relegated to the past soon. Open floor plans ruined the workplace and the commute ruined the environment.
Vive Remote Work!
Politicians wanted this. Stay home. Stay safe.
All to be into “luxury flats”. Greedy developers will sardine people into these sterile garbage things
New Inventory!
Who wants to spend and time in an office after Covid…waste of time.
oo salacious
Change them into apartments