February 26, 2024
30% Of US Commercial Real Estate Needs To Be Permanently Demolished
The deepest subject matter experts in the world in Commercial Real Estate are all saying the same thing... There is a very big problem with the global state of the commercial real estate market.
In the United States the expert is saying that 30% of it needs to be demolished or converted to residential.
No building ever goes from Residential back to Commercial, so it's effectively demolished.
It's all about the Work From Home trend and these trends get worse not better due to a host of factors.
ARTICLE SOURCE : https://finance.yahoo.com/news/cre-vet-advised-8-b...