The Impact of the Global Financial Crisis on Real Estate Valuations

Tech firms, particularly the larger ones, were important net absorbers of office space since the global financial crisis. "Many of them have done layoffs and many of them have put subly space on the market," he says. On the private market, it's hard to determine value because there are very few transactions going on right now,. Interest rates have come up but bids are lower and sellers are so far unprepared to accept those bids.