$1.1T In U.S. Office Properties At Risk Of Complete Obsolescence
Bisnow
Office occupancy continues to rise week-over-week, but at less than 40% of pre-pandemic levels in 10 of the country’s largest markets, office owners aren’t sleeping soundly just yet. And a new study might have them catching even fewer winks. As much as 70% of U.S. office buildings face a loss in value in the near future, including roughly 30% of the nation’s inventory, or about $1.1T worth at current valuations, facing complete obsolescence, according to a new study by real estate consult…