The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says

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A photo of the New York City Skyline.
A view of the Manhattan Skyline with the Empire State Building in the center.

Roy Rochlin/Getty Images

Downtown Los Angeles is bustling with new residents. Not so much with office workers, though.

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Los Angeles, California, at night
Downtown Los Angeles.

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From offices that look like Apple stores to private call booths, here are 5 ways your workplace is changing

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Workers gather in a lounge area of Edelman's office in London
The London office of PR giant Edelman, designed by Gensler, shows how some employers are making space beyond rows of desks.

Vigo Jansons, courtesy Gensler

The office market is so bleak that Canada's largest pension fund sold its stake in an NYC building for $1

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New York City at dusk.
A Canadian pension fund sold its stake in a New York office building for $1.

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US office buildings are facing a 30% price drop as remote work continues to upend the sector, Morgan Stanley says

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FILE PHOTO: A man walks past The Gherkin and other office buildings in the City of London, Britain November 13, 2018. REUTERS/Toby Melville/File Photo
FILE PHOTO: A man walks past The Gherkin and other office buildings in the City of London

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The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht says

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Barry Sternlicht
Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.

PATRICK T. FALLON/AFP via Getty Images

America's office market will plunge another 20% in value next year and will take decades to climb back to its peak

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new york city manhattan skyline

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The repricing of the bond market will drive a 40% decline in the price of America's office buildings by the end of next year, research firm says

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Skyscrapers
Office prices could see a 40% peak-to-trough decline by the end of next year, Capital Economics forecasted.

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The biggest victim of Fed rate hikes is the US government as interest on massive debt soars, billionaire investor Barry Sternlicht says

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Barry Sternlicht
Barry Sternlicht.

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The US office market is headed for a steep plunge, investor survey says

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commercial real estate
Commercial real estate is under rising pressure from higher interest rates and falling property valuations.

Kena Betancur/VIEWpress

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