Submitted by scott_jr t3_1256cvu in wallstreetbets
Miserable-Radish915 t1_je3tb98 wrote
Reply to comment by Manstrife in SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL) by scott_jr
CBRE is badly exposed in the SEA and Australian markets. Hemorrhaging money atm.
Manstrife t1_je3vu34 wrote
True but CBRE has also been aggressively paying down their debt which makes me think their getting ready for something big.
Miserable-Radish915 t1_je41cei wrote
yeah bailing out their aussie and asian businesses - https://www.afr.com/property/commercial/high-incentives-high-vacancy-why-office-values-could-tumble-20pc-20230328-p5cvus
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