Cushman Wakefield's Office Vacancy Numbers Released and It Doesn't Look Good - No It's Devastating - The ATX is a Mess Houston & Dallas Too
- By mortgagehorn
- Inside the 40 Acres
- 134 Replies
We've been talking about this potential economic time-bomb in the commercial real estate market in the "Weekly Mortgage Real Estate Thread" for a while now.
We'll do a deeper dive later in this week's posting.
But here's an ominous foreshadowing for what's coming -
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To give you some perspective in 1986 when Austin's high-rise vacancies coined the term "See-Through Hi-Rise" the vacancy rate was 19.3%
Now we're up more than +/- 50% over that at 29.8%
We'll do a deeper dive later in this week's posting.
But here's an ominous foreshadowing for what's coming -
Login to view embedded media
To give you some perspective in 1986 when Austin's high-rise vacancies coined the term "See-Through Hi-Rise" the vacancy rate was 19.3%
Now we're up more than +/- 50% over that at 29.8%