this post was submitted on 25 Jun 2023
111 points (100.0% liked)

News

49 readers
2 users here now

Breaking news and current events worldwide.

founded 1 year ago
111
The office real estate crash will be so sharp and deep that Capital Economics thinks office values are unlikely to recover by 2040 (fortune.com)
submitted 1 year ago by Girlparts@kbin.social to c/news@kbin.social
40 comments fedilink hide all child comments
 

The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

you are viewing a single comment's thread
view the rest of the comments
[–] terath@kbin.social 1 points 1 year ago* (last edited 1 year ago)

Space in cities is valuable no matter the use. If you were hoping the owners of these spaces would lose money you are focused on the wrong thing.

The interesting part of this is what these spaces might become if they are not offices for the top 10%.