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Troubled Commercial Real Estate Loans Outstrip Reserves at Top US Banks (www.businessinsider.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 10 months ago* (last edited 10 months ago) (1 children)

Bingo. My company sub-leased some downtown office space to get out of it and will bail on it completely in about 5 years when the lease expires.

[–] [email protected] 2 points 10 months ago

Yeah, same story for my company and just about all of my friends with white collar jobs. Most offices that lease property are downsizing and consolidating their spaces. Most of the people trying to use their offices are the big tech giants who actually built and own their campuses outright. Everyone else just sees a giant waste of money for very little productivity gains.