Miserable-Radish915
Miserable-Radish915 t1_je3tb98 wrote
Reply to comment by Manstrife in SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL) by scott_jr
CBRE is badly exposed in the SEA and Australian markets. Hemorrhaging money atm.
Miserable-Radish915 t1_je41cei wrote
Reply to comment by Manstrife in SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL) by scott_jr
yeah bailing out their aussie and asian businesses - https://www.afr.com/property/commercial/high-incentives-high-vacancy-why-office-values-could-tumble-20pc-20230328-p5cvus