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A real estate sector rocked to its foundations by empty offices is struggling to adapt to hybrid work. The trouble with office buildings could ripple through the economy, hitting banks.
More office space is now being occupied than vacated, CNBC reported, but office vacancies continue to hover around record highs at 19%. There are significant silver linings to the decline of ...
After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first ...
He was thrust into the top job of his family’s real-estate company at the age of 34, just as Covid-19 was sending the U.S. office market into its biggest tailspin since World War II.
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