LATEST ARTICLE - COMMERCIAL BUILDING VACANCIES - What do we do NOW??

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JAMES CARLINI

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Jun 21, 2023, 10:59:43 AM6/21/23
to RIch Petroskey
Hi All,

This is the first day of Summer and the big question in Commercial Real Estate today is - What do we do with all these half-empty buildings?

They are not going to "appraise out" as well as they would if they were still 96% occupied. How much value will portfolios and REITs lose? (This is the second Tsunami hitting - loss of value in commercial real estate)

Why is Martha Stewart a proponent for people to "go back to work" and start commuting again? She is 80+, why should she care if people stay at home to work???

Is it because a lot of her wealth is tied up in REITs and ownership of commercial buildings?

LATEST article, hot off the Presses - this is a critical article for all in Real Estate (as well as their Banks and creditors)


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