TSUNAMI OF VACANT SPACE IN BUILDINGS - O'::LEARY of SHARK TANK AGREES

[JAMES CARLINI]

Hi ALL.

If you have read my previous articles, you know that I have been predicting and keeping up with the paradigm shift in commercial real estate since 2020.

In a recent interview, Kevin O'Leary of SHARK TANK (on TV) has seen the same thing and validates what I have been seeing since the Pandemic - a paradigm shift in real estate due to more people working-from-home permanently. It has increased vacancy rates and is starting to effect the value of buildings.

The ‘Shark’ O’Leary Validates Commercial Building Tsunami

The ‘Shark’ O’Leary Validates Commercial Building Tsunami Cities are suffering from workers not coming back and it's unlikely to change in the future.

We are NEVER going back to "business-as-usual" and those managing real estate as well as city governments need to wake up to this fact. This will impact not only buildings and their values, but it will also impact tax revenues that have already seen a big shortfall in major cities like New York (last year - shortfall of $2.5 Billion)

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