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The demolition of the Metropolitan Building in 1961 is regarded as a great sin of urban renewal. It’s a cautionary tale about sacrificing the unfashionable past for the allure of the new. That’s true, ...
Because of this, many office buildings in cities have remained empty, leaving city planners and officials scrambling to figure out what to do about the empty spaces. According to the real estate ...
Not all office properties are experiencing revived demand. Lower-end buildings are still struggling, which could be a threat to hundreds of banks and investors in real-estate-backed loans.
More recently, though, the glassy office property ... extension, building values. The amount of sublease space nationally more than doubled from 118.5 million square feet at the end of 2019 ...