this post was submitted on 25 Jun 2023
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The office real estate crash will be so sharp and deep that Capital Economics thinks office values are unlikely to recover by 2040 (fortune.com)
submitted 1 year ago by [email protected] to c/[email protected]
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The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

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[–] [email protected] 7 points 1 year ago

I think it's less likely they'll turn a blind eye these days. Oakland was similar but there was a massive crackdown on artists wherehouse spaces after the GhostShip fire (36 people lost their lives) .