While most of commercial real estate has recovered from the challenging COVID period, Office vacancy continues to climb higher and is now close to 20%.
Via Apollo Group:
“It is remarkable how vacancy rates for commercial real estate are moving sideways or higher in a strong economy. You would have expected that the ongoing strong growth in employment and GDP would push vacancy rates lower”
June 11, 2024
While most of commercial real estate has recovered from the challenging COVID period, Office vacancy continues to climb higher and is now close to 20%.
Via Apollo Group:
“It is remarkable how vacancy rates for commercial real estate are moving sideways or higher in a strong economy. You would have expected that the ongoing strong growth in employment and GDP would push vacancy rates lower”