
Study Says Small Group of Office Buildings Causing Market Pain
Commercial developers group NAIOP said distress in the office market has been concentrated in a small percentage of buildings that are functionally obsolete.
Commercial developers group NAIOP said distress in the office market has been concentrated in a small percentage of buildings that are functionally obsolete.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
It was the darling of commercial real estate owners and brokers staring into the abyss of the early pandemic, but the market for industrial real estate will see a significant cooling-off this quarter, a new forecast from NAIOP predicts.
Commercial landlords will get a tax break on building upgrades under the stimulus package awaiting final approval by the U.S. House of Representatives.