23rd June 2023 US office buildings are unlikely to regain their peak pre-pandemic values until at least 2040 as demand for desk space weakens, according to a forecast by Capital Economics. View article
What’s next for commercial real estate after the $500 billion wipeout of 2023? It’s a lot more complex than ‘mass obsolescence,’ industry watchers say Sooner or later, commercial real estate’s day of reckoning had to come. Following an era of “ cheap money” that stretched all the way back to the 2008 housing crash and Great Financial Crisis, fueling... 30th December 2023 · Fortune
Commercial real estate values will suffer a $480 billion wipeout next year—and that’s following a $590 billion loss in 2023, research firm says Commercial real estate property values will fall another 10% next year, after falling 11% this year, Capital Economics’ deputy chief property economist, Kiran Raichura, wrote in a recently released... 19th December 2023 · Fortune
US Office Owners Get Dire Warning: Rebound Unlikely Before 2040 US office buildings are unlikely to regain their peak pre-pandemic values until at least 2040 as demand for desk space weakens, according to a forecast by Capital Economics. 23rd June 2023 · Bloomberg