All told, it’s a changed office world since 2019. And we need to roll with the punches if we want to keep our money, much less make more. Here's why I believe the office market will rebound -- if given enough time.
COVID-19 has greatly diminished the value of office real estate in the US, leading to an increase in office-to-apartment conversions in cities like NYC.
For this long weekend, I am offering you food for thought. In the overall macro theme, I am sticking to this for time being:
Stagflation - The Fed can’t fix it with a huge reduction in rates, that will spike inflation.
It’s no secret that commercial real estate was hit hard by the lockdown era, and its recovery has been a slow one. But is SL Green’s recent performance – at long last – a sign of a turnaround?
It’s another risk-off day on Wall Street, with all major U.S. indices trading in the red. The CBOE Volatility Index (VIX), often referred to as the market’s fear gauge, spiked over 10%, reaching levels last seen in late April.
