30-year commercial real estate market slump leads to office value drops, prompting top developer Don Peebles to see opportunities for investment.
30 years since the last commercial real estate market slump, top developer Don Peebles sees opportunities for investment. Hybrid work and high interest rates have led to office value drops, with Morgan Stanley predicting a 30% decrease in demand. Peebles Corp. sees this as a once-in-a-generation opportunity to buy commercial office space, as property values plunge to levels last seen in the early 1990s.
April 07, 2024
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