IPFS News Link • Business/ Commerce
America's Office Fire Sale Has Barely Begun
• Wall Street JournalIf offices are in such hot water, where are all the forced sellers?
Office-building owners have been under pressure since the Covid-19 pandemic hollowed out their buildings in early 2020. According to data from real-estate consulting firm Colliers, the U.S. vacancy rate has risen from 11% in late 2019 to 17% today, higher than at any point in the 2008 global financial crisis.