Purely guessing the 75% is a little dramatic. Basing it on pre-pandemic level to an action off price. So that could be a 30% up from trend "norm" compare to current much lowered market price while auctioning at 20% discount.
Still even if it was closer to 40% it is pretty massive in terms of Real Estate.
San Francisco, or Silicon Valley / Tech is also the most vocal proponent to everything could be remote should be remote. Along with all the layoffs this could be a perfect storm for office values.
Still even if it was closer to 40% it is pretty massive in terms of Real Estate.
San Francisco, or Silicon Valley / Tech is also the most vocal proponent to everything could be remote should be remote. Along with all the layoffs this could be a perfect storm for office values.