Office building prices in the US are down ~40% from their peak just over 2 years ago.
— The Kobeissi Letter (@KobeissiLetter) January 7, 2024
Over the last year, office building prices are down a massive ~30%.
Currently, 1 in 5 office buildings in the US are vacant.
The worst part?
Most of these office buildings hold large debt… pic.twitter.com/fzSMh8OiIf