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The Negative Pressures of Office in the US
Office is feeling the brunt, especially due to any cyclical changes, but also structural changes. The combination of higher interest rates work from home and the structural sexual changes in office is going to wait on that sector for a while. We do see a flight to quality there. Retail has rebounded very well since the height of COVID. People are traveling because this is going to conferences, conventions, retail also.
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