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“For an office building, you can’t get a loan today…there’s no liquidity in the marketplace,” Gottlieb told Fortune. And with interest rates being higher, it’s eating away at a lot of the cash flow, Gottlieb said, calling it a “very trying time.”

In his view, the difference with this office real estate downturn as compared to previous downturns is that office owners are wondering if demand will ever return.

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[-] culpritus@hexbear.net 4 points 2 years ago
this post was submitted on 08 Aug 2023
27 points (100.0% liked)

urbanism

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