Office Deliquencies

[TerryRohrer]

Office CMBS Delinquency Rate Spikes to a Record 11%, Blowing by the Financial Crisis Peak | Wolf Street

 

[alebrewer]

I wonder if that may be offset somewhat in 2025 as LOTS of companies (including mine) have started requiring employees to return to the office.

 

[Joe Flacco]

I'm waiting to see if return to office brings residential demand back to DC. It should but I'm not sure.

 

[Terrel L. Shields]

I bet we see a lot of strikes from Federal featherbedders and that they get fired and replace by people willing to work in the office.

 

[Fernando]

SF has high vacancy rate for office buildings.
Worst vacancy rate is in nearby Oakland. City without a permanent mayor. Under supply and slow response of police.
Once busy downtown Oakland is now a ghost town, a dangerous one.

 

[Tim Hicks (Texas)]

Reddit is on fire with people complaining about returning to the office.

 

[Fernando]

Reddit is on fire with people complaining about returning to the office.

I heard Reddit wants to reduce their staff. Forcing workers to return to office is one way for some to resign voluntarily. Saves company severance pay.
That sounds like Trump and Elon's plan in pushing federal workers to quit.

 

[Terrel L. Shields]

That sounds like Trump and Elon's plan in pushing federal workers to quit.

That's a good thing.

 

[Fernando]

Every time a corporation lays off workers, you must be jumping with joy.

 

[Laker]

Every time a corporation lays off workers, you must be jumping with joy.

You have no idea how many federal employees get paid to do almost nothing. A friend of mine got hired by a federal agency and he was astonished how little work they actually were expected to do every day.