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‘1.5 billion square feet of office space could become obsolete,’ says Boston Consulting Group

Por: MarketWatch Business May 11, 2023

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Many office spaces are at risk of becoming obsolete due to low use, high levels of vacancy, and their financial viability is “quickly slipping away,” the report said. Rising interest rates and the need to will also add a layer of uncertainty and possibly even lead to “a wave of defaults,” the company said, and lenders could become owners of office buildings. Boston Consulting Group estimated that 60% to 65% of current U.S. office space... + full article



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