The Return to Office Is Squeezing Landlords

The video discusses the shift from work-from-home to office visits, noting that 21% of office visits in Manhattan are once a week. It highlights the increase in available office space, with 19% vacancy in the financial district. Newer buildings are preferred, while 30% of US office buildings risk obsolescence. Market values for newer offices have risen, but older properties have declined. Lease expirations this year could threaten landlords and bankers.

What was the loss incurred by the sale of an oil company's vacant office building in Houston?

What percentage decline has been observed in smaller older properties compared to pre-pandemic levels?