Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

A downright scary snippet from Moody's (Frankies favorite)

[DZtrader]

Let this sink in: Not long from now, almost one-quarter of all US office space may be vacant. And if work-from-home—the key culprit—persists, commercial-property values will be further decimated by up to $250 billion, Moody’s warns. When combined with the impact of lower rents and lease turnovers, the vicious post-pandemic cycle will reduce revenue for office landlords by as much as $10 billion. That in turn could translate into a quarter-trillion dollars of “property value destruction,” Moody’s officials said. The figures illustrate the gloomy prospects faced by property owners and lenders as employers continue to jettison square footage or shift from multiyear leases to shorter-term and more flexible co-working arrangements. A full 85% of North American organizations polled by brokerage Jones Lang LaSalle have implemented hybrid work, and occupancy across offices in major US cities is stuck at about 50% of pre-pandemic levels. Wavering demand and increased borrowing costs have slammed office valuations, especially among older buildings. “The argument for maintaining or even increasing remote work practices remains compelling for many businesses,” Moody’s said. “If productivity remains stable and costs can be reduced by forgoing physical office spaces, the rationale for mandating in-office attendance diminishes.” —David E. Rovella

[garyreins]

It's rather unfortunate the government does not recognize the tax revenue and economic boom for the businesses that cater to the office.  Not to mention a collapse of the system like sub prime.. all over elevated cpi  Hence you can't disagree that there might be an  agenda

[DZtrader]

Now, it goes without say that they neglected to catagorize different classes of office. Suffice to say the real pressure will hit the B class properties in a disproportionate way. That being said, if this holds any water, still a wee bit of an overhang for this type of holdings, another reason I have shied away from this segment. Here's hoping we get a market friendly print tomorrow and can

[Torontojay]

Multi family homes are piling up in the US. Vacancies will increase and rents will be under pressure. It's not just office space that's in trouble. 

[Frankie10]

Lol, Moody's is my fav. Every time I see the name I think of the scene from the Big Short where the lady from Moody's is rocking the post eye exam shades. And as always, a brilliant follow up to your original post DZ... re office: There is a huge bifercation between top quality, well located, new office VS low quality, poorly located, and older office. I read something along the lines

[Torontojay]

Good office or bad office. You guys are clowns.  It does not discount the fact there is distress in the system and loans that will be defaulted on. The question becomes:  How big is the crisis going to be when it's all over? Do you extend and pretend or does the chicken come home to roost? 

[DZtrader]

There you go again with your negative condescending comments. People on this board have excercised restraint and held back with rude commentary yet you insist on seeking out conflict and bitterness. You ever wonder why you are not liked? No one wants to play with you TJ. Do us all a favor and shew, you are not wanted here with your childish commentary. Is there anything about that, that you do not

[Frankie10]

I thought that was directed at me for a second since I have TJ muted. Not even going to bother unmuting to see the new rude thing he said. TJ, I have no idea what you said... I wish you and your family well.