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Big Business This Week: Who Wants to Buy an Office Building?
Coming soon: The Great Commercial Real Estate Fire Sale If you’ve got a lot of cash and a hunger for owning office buildings, this is a good time to buy (provided you believe that America’s workers will soon be back in the office five days a week). Nationwide, 18.3 percent of offices were vacant in April, and in San Francisco the vacancy rate was 25.9 percent, according to Commercial Edge, a real estate data service. But let’s say you are that credulous, and you believe that work-from-home was just a passing trend, you could join the handful of opportunistic buyers who...
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