Financially InclinedMy EconomyI've Always Wondered ...How We Survive

Loading...

0:00
0% played
🎁 'Tis the season to support public service journalism Donate Now
Stories Tagged as

Commercial real estate

WeWork could declare bankruptcy anytime, but how is it still around?

by Meghan McCarty Carino
Nov 1, 2023
The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors' cash.
WeWork’s business model has always been shaky, says professor Erik Gordon at the University of Michigan.
Justin Sullivan/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Here's what might happen if all that open office space stays empty

by Sabri Ben-Achour , Alex Schroeder and Erika Soderstrom
Jul 20, 2023
One thing seems likely, says Lisa Knee of EisnerAmper: real estate is going to need new, creative investors to stay on track.
Office building vacancies are climbing, property values are sagging. That might have implications for all of the investors tied up in commercial real estate debt.
Andrew Caballero-Reynolds/AFP via Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

San Francisco's mayor challenges the public perception of her city

by David Brancaccio , Meredith Garretson and Erika Soderstrom
Jul 18, 2023
San Francisco's empty office buildings and fleeing retailers have been in the news. London Breed challenges that narrative.
Increasing housing production, Mayor London Breed says, is one of her main focuses. She also says San Francisco has to get creative with how to repurpose vacant office space.
Justin Sullivan/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

The financial consequences of empty offices

by David Brancaccio , Alex Schroeder and Erika Soderstrom
Jul 13, 2023
Offices are at the epicenter of seismic pandemic shifts, per McKinsey's Aditya Sanghvi. They need to become places where people want to be.
Almost every company is reevaluating its relationship with commercial real estate, says Aditya Sanghvi of McKinsey.
Justin Sullivan/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Defaults on commercial real estate loans are rising as many workers stay remote

by Henry Epp
Jun 5, 2023
More than 3% of such loans are now delinquent.
Renters may be able to get a better deal on office space right now — but many are sticking to the sidelines.
Justin Sullivan/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
Banks in Turmoil

Fewer cranes on the horizon? Banking tumult could slow nonresidential construction

by Stephanie Hughes
Mar 28, 2023
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Cranes on a construction site in southeast Baltimore work to build office space. Spending for non-residential projects is up nearly 16% in the past year, according to the Census Bureau, and that is due in part to rising building costs.
Stephanie Hughes/Marketplace
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE
Banks in Turmoil

Could commercial real estate be the next shoe to drop at regional banks?

by Matt Levin
Mar 27, 2023
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
"The banks have $270 billion of commercial real estate loans coming due this year," said Matt Anderson, a managing director at Trepp Inc.
Justin Sullivan/Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

For public good, not for profit.

Donate

Who still wants a "trophy building"?

by Matt Levin
Mar 10, 2023
The market for skyscrapers with great views and lush amenities is softening.
Office spaces with amenities like rooftop terraces and kombucha on tap may be on the chopping block for companies trying to rein in costs.
Ludovic Marin/AFP via Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Some employees are coming back, but there's still a lot of empty office space out there

by Justin Ho
Aug 31, 2022
The commercial real estate market is being forced to adapt. Some buildings offer leasing incentives, others may convert to a different use.
Many building owners are offering better deals to office tenants who might be on the fence about renewing their leases.
Spencer Platt/Getty Images
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE

Companies have another reason to let go of office space: a potential recession

by Matt Levin
Jul 5, 2022
If the pandemic didn't convince CEOs to get rid of costly in-person work environments, an economic downturn might do the trick.
Occupancy periods in leasing agreements shortened during the pandemic, which could expand the amount of unused office space in a few years' time.
Saul Loeb/AFP via Getty Images
ListenLISTEN
HTML EMBED:
COPY
EMBED EMBED
Share Now on:
SHARE
Subscribe Using:
SUBSCRIBE SUBSCRIBE