LATEST ARTICLE ON SHRINKING OCCUPANCY RATES IN OMMERCIAL REAL ESTATE

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JAMES CARLINI

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Aug 9, 2023, 6:20:41 PM8/9/23
to RIch Petroskey
HI ALL.

My latest article observing the big hit in commercial real estate as more corporate tenants opt for work-from-home work force and it seems most in commercial real estate do not realize this is not a temporary setback.  It was the paradigm shift back in 2020 (which I predicted) and now it is spreading across many major downtown markets and few are taking action to remedy their new problem.



Funny how you do not see the Mainstream Media reporting on this??  This will effect ALL major cities and their tax base that they all take for granted.  Less people coming downtown means LESS sales tax revenues.

Where are all the cuts in city budgets? You cannot have bloated, bureaucratic city governments anymore.

Hope everyone is having a good Summer.  Watch for the next article.

Best regards,

JIM

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