Office Is The New Retail

April 17, 2020

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While there has been a lot of publicity surrounding the woes of the US retail property market, the office sector is another place to watch. US office fundamentals are weak, with vacancies well above levels from previous cycles – in fact near peaks of previous recessions – and rising, despite the long economic expansion of recent years and the unemployment rate being near its 50-year low at 3.6%.