The Real Deal

Office values dropped “$1.2 trillion,” Barry Sternlicht says

Barry Sternlicht says the loss of office values in recent years is in the trillions of dollars. The Starwood Capital Group head recently spoke of the “existential crisis” facing the American office ...
The Real Deal

“Market is resetting”: South Florida’s office values decline after reaching record levels

From late 2020 through 2022, the tri-county region became a magnet for out-of-state companies, prompting a leasing flurry, record rents and voracious investment sales appetite. The bonanza pushed up ...
Business Insider

The looming office-real-estate crash will be worse than the Global Financial Crisis decline, Fitch says

The plunge in US office values could match or exceed 2008's real estate fallout, as prices have yet to bottom out, Fitch Ratings wrote in a note on Wednesday. Office values have dropped an estimated ...
AOL

Office values will plunge another 25% in ‘worst-hit metros,’ Capital Economics says—and that’s bad news for San Francisco and Seattle

Things may have quieted down in the commercial real estate world, but offices are not in the clear. After all, interest rates are still high and remote work has mostly prevailed. And for those areas ...
Business Insider

The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says

Billionaire Starwood CEO Barry Sternlicht sees losses on office properties hitting $1 trillion, per Bloomberg. The billionaire slammed the Fed for leaving a "serious mess" in the real estate market.
Bisnow

2025 Was The Year Of The Office Haircut, But The Pain May Bring Gain

Office buildings finally started trading hands this year after a long dry spell brought on by elevated interest rates and a gaping gulch between buyer and seller price expectations. While thousands of ...
Los Angeles Times

A second act for empty office space? How skyscrapers in downtown L.A. could ease the housing crisis

The transformation of a sleek, granite-clad office tower on the edge of the 110 Freeway into deluxe apartments is about to begin, and developer Garrett Lee thinks the nearly 40-year-old building can ...
Bisnow

Office Value Plunge Opens Door For New Conversion Play: Self-Storage

For decades, a four-story brick building in the Glenforest neighborhood of Raleigh, North Carolina, served as a call center for AT&T. But next month, it will open as a self-storage facility for people ...
The Business Journals

The National Observer: Real Estate: Office valuations haven't bottomed out yet

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A continued trend of slipping ...
The Boston Globe

Boston could face budget woes as office building values dip, report says

The declining value of Boston’s office buildings could mean the city will face a revenue shortfall of between $1.2 billion and $1.5 billion over the next five years One of the biggest unanswered ...
The Cincinnati Enquirer

While property values rise elsewhere, biggest Downtown office buildings see drop

While overall property values in Hamilton County soared in 2023, the value of many of Downtown's most prominent office towers headed in the opposite direction. From 2020 to 2023, eight of the 10 most ...
The Boston Globe

Boston’s economy is among the strongest in the US, rating agencies say, despite looming uncertainties

Despite threats both to the value of downtown office towers and to federal research funding that flows through the city, Boston’s economy is among the strongest in the country and the city has a ...