The majority American corporate offices are currently half-empty

The majority American corporate offices are currently half-empty, per CNN.

Offices were the worst-performing US commercial properties in 2022.

About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp. Roughly $80 billion, nearly a third, are on office properties.

Average occupancy of offices in the United States is still less than half March 2020 levels, according to data from security provider Kastle.

In January, Blackstone Inc. noticed an outflux of retail investors and wealthy individuals in real estate amid volatile markets. The IDR Investment Management reported a massive $20 billion withdrawal request from a group of institutional investors' property funds.

Pacific Investment Management Co., head of global private commercial real estate, gave a statement regarding his thoughts on the market. Murray likened it to a nightclub, sharing how it would shut down once everybody leaves.

Murray: “It’s like the nightclub where everybody lines up to get in and then lines up to leave when it closes,”

People familiar with the situation said that institutional investors are trying to avoid exposure even to some of the biggest fund managers in the industry. This means they are staying away from even the likes of Morgan Stanley.

Read more: https://unusualwhales.com/news/us-co

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.