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Biden Seeks Second Term & Montana State House Protests | 4.26.23

Morning Wire

The Commercial Real Estate Sector Hit the Hardest in America

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The number of empty office buildings in America has now reached its highest point on record. The commercial real estate sector has been rocked by the largest downturn in decades. 29% of office space in San Francisco now sits vacant, that is easily the highest on record for the city. Nationwide office building prices have fallen 25% since the start of 2022 alone.

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