A $557 Billion Drop in Office Values Eclipses a Revival of Cities
US downtowns aren't the bustling hubs they once were. But areas outside the city center are now faring better.
These disparities unfolding across the US are exposing deep divides in the commercial real estate market and the recovery of cities after the pandemic.
From Los Angeles to Chicago and Boston, aging business districts are contending with empty offices and a slow return of workers, while neighborhoods just miles or even blocks away are faring better — or even thriving. Read more in The Big Take.
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OK Bo?tjan Dolin?ek
Founder & CEO, Real Estate Fund Manager?? motivational speaker “2+ Decades of Real Estate Experience as an International Broker-Realtor" ??/ Beach Lover ??
1 个月We are face with some interesting time ahead of us - however it looks like more investors are targeting the luxury market There is always money to be made in the commercial market however you have know where to invest Location location and never stop looking for opportunities
Fascinating insights into the shifting dynamics of US commercial real estate! ??? The contrast between struggling downtowns and thriving nearby neighborhoods highlights the importance of strategic investment. At Imlaak, we're focused on helping investors 10x their real estate portfolios by navigating these emerging trends and opportunities. ????
Project Finance Assistance | $100 Million to $5 Billion+ | Energy, Renewable Energy, Infrastructure, Many Industries | Sustainable Growth
1 个月Generally not a good time for commercial real estate.
Principal - Senior Consultant
1 个月This news is part of the cycles as business, technology, future of work as city communities evolve. It seems from my experience that an event like the pandemic only accelerated the current "crisis" situation and pushed business leaders who were operating their cultures at status quo pace into a forced change. Often is that of human nature. These forces of change will also create creativity within the RE Developer industry and how new ideas/projects are financed by potentially new platforms of capital.