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Originally Posted by hughfb3
Except Austin and Miami, the latter of which is just about to start site work on a super tall office building called One Brickell Centre
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What's the downtown Miami office vacancy rate? NYC is still building offices, but many of their buildings are struggling. It's a huge there right now.
I work at a commercial real estate firm and office projects are dying. Even in midtown Manhattan. Sure, some new buildings might be getting built but it's not reality of healthy office market.
I was in downtown DC a couple of weeks ago and it's just sad. I don't know what these cities with all this office space are going to do. In a way, downtown LA is better off than cities with high concentrations of office space, because all those restaurants and retail in those cities are really being affected from WFH.
Chicago is rethinking LaSalle st offices (where i used to work) because WFH is killing it. It is a major deal.