The Great Office Exodus and Commercial Real Estate
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Borys Grochulski and John O'Trakoun share the latest data on the market for office buildings and commercial real estate in general. They also discuss the current state of lending to office developers and whether the rise in office vacancies poses risks to the broader economy. Grochulski is a senior economist and O'Trakoun is a senior policy economist at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2023/speaking_2023_08_23_office_market
The Great Office Exodus and Commercial Real Estate