Office vacancies hit an all-time high
Vložit
- čas přidán 7. 07. 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."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#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.
Thanks for the insights! Bought XAI94X, predicting big returns! 📈
XAI is a solid investment!
Excited about XAI too! It’s great seeing our investments grow together. Let's keep it up! 🚀
XAI investments are exciting. Let's keep the momentum going!
XAI is promising! Happy to be part of this journey.
Happy to invest in XAI together!
Vive Remote Work!
XAI94X will change the crypto game forever! 🌍
really good project
Feeling optimistic about XAI! 👍
THis will change the world of cryptocurrency
Totally agree! Let's go XAI! 🌟
XAI IS HUGEEEE!!!! 😎
Politicians wanted this. Stay home. Stay safe.
All to be into “luxury flats”. Greedy developers will sardine people into these sterile garbage things
Who wants to spend and time in an office after Covid…waste of time.
Appreciate the tips! Got XAI94X, predicting big returns. Major exchanges confirmed!
very promising
XAI will atleast beat LINK
What do you think sets XAI apart from other projects? It seems to be dominating discussions lately
this is only crypto project that I see has real use
undervalued project
New Inventory!
Change them into apartments
oo salacious