Nov
29
Originally published on November 22, 2023, by Erik Sherman for GlobeSt.com.
Office valuations and rents have been hit hard by changing conditions of work and how companies are being forced to manage their real estate. But what’s happening with tech office use, particularly in the wake of the Biden administration's tech hubs strategy?
The general view across all office properties is tough. CRED iQ reviewed 190 appraisals of major properties across all asset classes in special servicing for the first half of 2023 to determine the impact of current market conditions on asset values.
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