‘Super commuting’ is on the rise — and that spells big trouble for mid-size cities

Tech Insider : Economy
A businessman in a tan suit with a green rolling suit case stands in front of the silhouette of tall buildings with yellow illuminated windows. There is a red car on his left and a subway train on his right. A white and orange plane soars over his head.
Thank to the flexibility of hybrid work, some Americans are commuting 7.5 hours to work — one way.

Arantza Pena Popo

Joe Biden wants more people to start living in empty offices

Tech Insider
The exterior of 160 Water Street, a former office building that's undergoing full reconstruction to hold almost 600 apartments at market price.
160 Water Street in lower Manhattan is being converted into almost 600 apartments.

Lev Radin/Getty Images

Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade

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office building bankers workers employees
There's around $216 billion of potentially distressed commercial real estate properties, according to MSCI Real Assets.

REUTERS/Carlo Allegri

Commercial real estate will see 'a lot of things breaking' and is one of the reasons the Fed will stop raising rates, market veteran says

Tech Insider
Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, in an interview on April 30, 2015 --
Ed Yardeni.

Adam Jeffery/CNBC/NBCU/Getty Images

Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work

Tech Insider
Meta CEO Mark Zuckerberg attends closed door Senate AI forum in September 2023
Meta CEO Mark Zuckerberg.

Nathan Howard

US commercial-property concerns keep mounting - experts warn of 'massive' debt refinancing risk and an economic 'doom loop'

Tech Insider
NY buildings

Fatih AktaÅ/Anadolu Agency via Getty Images

Nobody has figured out return to office, but Asia is winning the battle

Tech Insider : Economy
Tokyo crossing
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Smith Collection/Gado

Salesforce CEO says he's 'always been a remote worker,' even though some of his employees have to return to the office

Tech Insider
Marc Benioff
Salesforce CEO Marc Benioff said he's "always been a remote worker."

Kevin Dietsch/Staff/Getty Images.

US commercial-property crisis deepens with office vacancy rate topping 2008 highs to hit a new record

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Office towers
US office vacancy rates inched above a 2008 peak of 16.3%, per Colliers.

(Photo by Robert Alexander/Getty Images)

Office sector collapse will cost US banks as much as $250 billion, hedge fund boss says

Tech Insider
The interior of an empty office

Macklowe Properties

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