Office Lending – Here is Why It is Not as Bad as The Market Thinks
South State Correspondent
MAY 22, 2024
If you add these metrics, office attendance has stabilized nationally and started to trend higher in 2024. It is in locations like San Francisco and Miami but less so in Philadelphia. Groundbreakings declined to below 300,000 square feet in the nation, the lowest volume on record. Current usage is pegged at 61.7%.
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