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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

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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.

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[–] thekernel@kbin.social 4 points 1 year ago (1 children)

No need to worry, Im sure the investment banks are slowing moving their holdings into pension funds and similar.

[–] 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%.