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Originally Posted by SamInTheLoop
Most definitely. The office environment is extremely tough, and in all likelihood it's going to become brutal in the months and quarters ahead. Here's to hoping I'm wrong.
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No, that's probably a realistic expectation. Now that layoff news is spilling over into non-tech industries, this is probably the beginning of a drawdown on construction starts on any projects involving office. It's why I think 170 Green is still sitting quietly.
The bigger question is what kind if "landing" do we have with the fed interest rates over the coming weeks. If it's a soft landing, maybe we keep getting a splatter of residential buildings to carry us through this "dip". If it's a hard landing, maybe a bit of a drought on the horizon.