We’ve read much of the lower occupancy in the CRE industry from both vacancy and work-from-home employees. But what are the domino effects of lower occupancy? Today we discuss the impact of the slowdown in the office sector on cities: namely through devaluation which leads to lower taxes.
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Want to learn more about commercial real estate, specifically office leasing? Check out Jorge’s book at: https://www.lulu.com/shop/jorge-morales/commercial-real-estate-office-leasing/paperback/product-v8k92wg.html?q=Commercial+real+estate+book&page=1&pageSize=4.
Jorge Morales is the founder and president of Blue Box Real Estate, LLC, an independent commercial real estate firm in South Florida focusing on Tenant Advisory Services, Landlord Advisory Services, and Investment Sales. Connect at https://blueboxre.com/.