Since the Covid-19 pandemic, the remote work trend continues to cause a sharp drop in office leasing demand, making commercial real estate (CRE) like a ticking time bomb for the financial market in 2024.
According to Green Street, the commercial real estate market is experiencing the worst 4 years of stagnation ever, with office vacancy area since 2019 surpassing both the dot-com bubble period and the global financial crisis.
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