Why are they investing in more office space?
There’s a national glut, and this building could be put to better use.
There’s a national glut, and this building could be put to better use.
And it’s actually a bit better than that, because IMU the glut is in lower quality buildings while demand for higher quality offices is still high.
It was already dirty and decaying pre-pandemic, but now it looks exactly like something out of 'The Last of Us'.
Buy low, sell high. They've done the same strategy in New York.
Such as?