National office space market is very bad (reprint from Bloomberg)
Rebuilding Place in Urban Space
JUNE 27, 2024
Salt Lake Downtown Skyline at night This isn't news, more of a reiteration. This affects cities both in terms of urban, especially downtown, vibrance, but especially local government revenue streams, which tend to be dependent on commercial property taxes, especially in major cities. There's lots of talk about office to residential conversion, but that will take a couple decades to have significant impact ( Myths about converting offices into housing—and what can really revitalize downtowns , Br
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