Vacancies in office space

[sdduuuude]

In the residential market, the gov. bailed out the banks by pretending to “help homeowners stay in their homes.” That’s gonna be a tough sell when it comes time to “help keep commercial real-estate owners in their commercial real estate.”

As such, this could be pretty hard on the banks cuz the gov will have a much harder time bailing them out, politically speaking.

Also gonna be tough for the owners to claim “predatory lending” when they are business people.

At this point, I hate to say I’d be surprised at anything the gov does, but, it seems a tougher challenge to bail out the banks on CRE.

[bsrsharma]

Same problem here in Portland, Oregon. Near our home, a whole block of CRE is empty in the car country district. Dodge, Mitsubishi, Suzuki, Oldsmobile, Pontiac, Isuzu, Saturn have all left huge CRE footage empty. Since they are auto dealerships, it is hard to imagine any use for the properties (especially with all the environmental issues involved). In downtown, a skyscraper was foreclosed (interestingly, CALPERS was a part owner), another under construction has been mothballed with a big hole dug in the ground and boarded up in the center of downtown. Today, Saks 5th, the anchor customer of a prestigious downtown development announced they are closing at end of lease.

I think many businesses are closing or moving out after end of expensive leases. A 50% vacancy in high cost CRE seems likely for a long term.

[bsrsharma]

Same problem here in Portland, Oregon. Near our home, a whole block of CRE is empty in the car country district. Dodge, Mitsubishi, Suzuki, Oldsmobile, Pontiac, Isuzu, Saturn have all left huge CRE footage empty. Since they are auto dealerships, it is hard to imagine any use for the properties (especially with all the environmental issues involved). In downtown, a skyscraper was foreclosed (interestingly, CALPERS was a part owner), another under construction has been mothballed with a big hole dug in the ground and boarded up in the center of downtown. Today, Saks 5th, the anchor customer of a prestigious downtown development announced they are closing at end of lease.

I think many businesses are closing or moving out after end of expensive leases. A 50% vacancy in high cost CRE seems likely for a long term.

[bsrsharma]

Same problem here in Portland, Oregon. Near our home, a whole block of CRE is empty in the car country district. Dodge, Mitsubishi, Suzuki, Oldsmobile, Pontiac, Isuzu, Saturn have all left huge CRE footage empty. Since they are auto dealerships, it is hard to imagine any use for the properties (especially with all the environmental issues involved). In downtown, a skyscraper was foreclosed (interestingly, CALPERS was a part owner), another under construction has been mothballed with a big hole dug in the ground and boarded up in the center of downtown. Today, Saks 5th, the anchor customer of a prestigious downtown development announced they are closing at end of lease.

I think many businesses are closing or moving out after end of expensive leases. A 50% vacancy in high cost CRE seems likely for a long term.

[bsrsharma]

Same problem here in Portland, Oregon. Near our home, a whole block of CRE is empty in the car country district. Dodge, Mitsubishi, Suzuki, Oldsmobile, Pontiac, Isuzu, Saturn have all left huge CRE footage empty. Since they are auto dealerships, it is hard to imagine any use for the properties (especially with all the environmental issues involved). In downtown, a skyscraper was foreclosed (interestingly, CALPERS was a part owner), another under construction has been mothballed with a big hole dug in the ground and boarded up in the center of downtown. Today, Saks 5th, the anchor customer of a prestigious downtown development announced they are closing at end of lease.

I think many businesses are closing or moving out after end of expensive leases. A 50% vacancy in high cost CRE seems likely for a long term.

[bsrsharma]

Same problem here in Portland, Oregon. Near our home, a whole block of CRE is empty in the car country district. Dodge, Mitsubishi, Suzuki, Oldsmobile, Pontiac, Isuzu, Saturn have all left huge CRE footage empty. Since they are auto dealerships, it is hard to imagine any use for the properties (especially with all the environmental issues involved). In downtown, a skyscraper was foreclosed (interestingly, CALPERS was a part owner), another under construction has been mothballed with a big hole dug in the ground and boarded up in the center of downtown. Today, Saks 5th, the anchor customer of a prestigious downtown development announced they are closing at end of lease.

I think many businesses are closing or moving out after end of expensive leases. A 50% vacancy in high cost CRE seems likely for a long term.

[jpinpb]

Taking a drive down Garnet Avenue in Pacific Beach, still seeing lots of empty businesses. The corner of Clairemont Drive and Clairemont Mesa has a little shopping center on the southwest side that’s new and vacant for something like a year.

[jpinpb]

Taking a drive down Garnet Avenue in Pacific Beach, still seeing lots of empty businesses. The corner of Clairemont Drive and Clairemont Mesa has a little shopping center on the southwest side that’s new and vacant for something like a year.

[jpinpb]

Taking a drive down Garnet Avenue in Pacific Beach, still seeing lots of empty businesses. The corner of Clairemont Drive and Clairemont Mesa has a little shopping center on the southwest side that’s new and vacant for something like a year.

[jpinpb]

Taking a drive down Garnet Avenue in Pacific Beach, still seeing lots of empty businesses. The corner of Clairemont Drive and Clairemont Mesa has a little shopping center on the southwest side that’s new and vacant for something like a year.

[jpinpb]

Taking a drive down Garnet Avenue in Pacific Beach, still seeing lots of empty businesses. The corner of Clairemont Drive and Clairemont Mesa has a little shopping center on the southwest side that’s new and vacant for something like a year.

[4plexowner]

could it be that the American consumer is saturated with debt and has enough cheap shit from oversees to last several lifetimes?

I think we have 25 square feet of retail space per citizen in this country and really only need 12 or so

[4plexowner]

could it be that the American consumer is saturated with debt and has enough cheap shit from oversees to last several lifetimes?

I think we have 25 square feet of retail space per citizen in this country and really only need 12 or so

[4plexowner]

could it be that the American consumer is saturated with debt and has enough cheap shit from oversees to last several lifetimes?

I think we have 25 square feet of retail space per citizen in this country and really only need 12 or so

[4plexowner]

could it be that the American consumer is saturated with debt and has enough cheap shit from oversees to last several lifetimes?

I think we have 25 square feet of retail space per citizen in this country and really only need 12 or so

[Author]

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