Commercial construction has hit a brick wall. Why?

Mar 13, 2024
Factors like high interest rates, tight credit and workers continuing to work from home are all hitting commercial construction demand.
Factors like high interest rates, tight credit and continued remote work are all hitting commercial construction demand.
Spencer Platt/Getty Images

Vacant office buildings create a tax revenue problem for cities

Feb 16, 2024
Take Boston. Over the next five years, that city could face a tax revenue shortfall to the tune of $1.2 to $1.5 billion, according to a new study from the Boston Policy Institute.
Over the next five years, Boston could face a tax revenue shortfall of up to $1.5 billion.
Billie Weiss/Boston Red Sox/Getty Images

With commercial real estate set for another tough year, some small banks are worried

Jan 17, 2024
Amid high interest rates and vacancy rates, lenders and regulators are concerned about the fallout when borrowers renew their loans.
Plenty of companies are planning to downsize their office space, which worries lenders that have a lot of commercial real estate debt on their balance sheets.
David McNew/Getty Images

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

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

As workers slowly come back, big city office occupancy hits a new pandemic milestone

Feb 2, 2023
For the rest of the country, remote work numbers are stable.
Though more workers have begun returning to offices in larger cities, that's less true for workers elsewhere in the country. Above, a view of office buildings in San Francisco.
Justin Sullivan/Getty Images

Stop talking and face the corner: the new rules of elevators during COVID-19

Jun 19, 2020
Elevators have always been awkward. Now they're a social distancing nightmare.
People stand in designated areas of an elevator to ensure social distancing, but there's only so much distancing one can do in such a confined space.
Juni Kriswanto/AFP via Getty Images