this post was submitted on 25 Jun 2023
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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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[–] JasSmith@kbin.social 10 points 1 year ago

This isn't surprising given the enormous social shift to working from home. I'm just surprised how slowly corporate valuations are sliding. I think we're going to see some major moves soon as leases and mortgages come up for renewal.