As much as 1.4 billion square feet of U.S. office space could become functionally obsolete by the end of the decade.
"The relationship between office employment growth and office demand is going to re-solidify and strengthen in the coming era," Corbett said."It's going to get worse before it gets better." But it's too early to say just how many office buildings may be at risk for that outcome, if they remain obsolete as office space and can't easily become a new use, she continued.
Even for owners who have identified major renovations or conversion into a new use as a logical play for their portfolios, the capital markets remain frozen, making it tough to find capital to help fund a significant overhaul to make those buildings relevant in a post-pandemic world. For properties that don't have a loan expiration for many years, that could allow time for the economy and capital markets to recover, but a significant amount of loans backed by office properties are coming due in the coming years.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Q&A with Tina Bowers, VP, Chief Diversity & Inclusion Officer at Children’s Health - Dallas Business JournalGiven the nature of rapid social change and intolerance, Tina Bowers said DEI initiatives are no longer a nice-to-have for a corporation but rather a necessity.
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »
Q&A with Nakesha Lopez, Chief Human Resource Officer at Baylor Scott & White Health - Dallas Business JournalNakesha Lopez, Chief Human Resource Officer at Baylor Scott & White Health, was honored at the Dallas Business Journal's 2023 Leaders in Diversity awards.
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »
Q&A with Craig Florence, partner at Foley & Lardner - Dallas Business Journal“Through drawing on diverse perspectives, our firm uncovers innovative legal solutions for our clients’ challenging business problems.'
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »
Q&A with Muneera S. Carr, Wells Fargo & Company - Dallas Business JournalMuneera S. Carr, EVP and Chief Accounting Officer and Controller at Wells Fargo & Company, was honored at the Dallas Business Journal's 2023 Leaders in Diversity awards.
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »
Leaders in Diversity: Get to know Mohr Partners - Dallas Business JournalAs one of the largest Minority Business Enterprises, Mohr Partners continuously looks to exceed its growing diversity inside and outside its walls.
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »
Leaders in Diversity: Get to know Dwell with Dignity - Dallas Business JournalThe Dallas nonprofit strives to redesign spaces for families struggling with homelessness and poverty.
출처: DallasBizNews - 🏆 525. / 51 더 많은 것을 읽으십시오 »