Jan 11, 2012
WSJ: "Trouble Brewing for Office Market"
11 Jan 2012
Posted by Andrew Kantor
Interesting article in today’s Wall Street Journal about how office leases are ending, potentially spelling trouble for that segment of the commercial market.
While the housing market was at the heart of the most recent real-estate crisis, office buildings—the center of past meltdowns—until now haven’t been a major source of concern.
But many owners who have been able to keep their heads above water are being undone by tenant contractions and the expiration of five-year leases that were signed at the peak of the boom.