Hard to imagine that the US is not massively over-supplied with office space right now
Easy to imagine, since it's been in every newspaper almost every single day for the last two years. Last i checked, SFO had something like 30% office occupancy rate.
Where i live, landlords are paying the few remaining tenants in some skyscrapers to move into other skyscrapers to concentrate the remaining offices in fewer buildings so that the other towers can be shut down and mothballed, or turned into apartments.
Easy to imagine, since it's been in every newspaper almost every single day for the last two years. Last i checked, SFO had something like 30% office occupancy rate.
Where i live, landlords are paying the few remaining tenants in some skyscrapers to move into other skyscrapers to concentrate the remaining offices in fewer buildings so that the other towers can be shut down and mothballed, or turned into apartments.
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