Amenities gave many an advantage earlier in the pandemic, but defaults and vacancies are rising as interest rates climb
Pimco recently defaulted on a mortgage backed by a portfolio of office buildings that included Twitter’s headquarters in San Francisco.Defaults and vacancies are on the rise at high-end office buildings, in the latest sign that remote work andFor much of the pandemic, buildings in central locations that feature modern amenities fared better than their less-pricey peers.
. Now, these so-called class-A properties, whose rents generally fall into a city’s top quartile, are increasingly coming under pressure.
The office is pretty much dead. Real estate investors try to force employees that they have invested into to return to the office. There are advantages, there are lots of disadvantages. By the office as it was in 2019 is dead.
They will take a tax write off.
They should lower their rates
But according to your other articles, remote work is dead… or typical media trying to manipulate the masses.
This was warned about long ago. The systematic controlled demolition of our economy continues.
Do your reporters talk to eachother? These articles were published less than a week apart.
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