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.
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.
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.