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Squawk on the Street
00:00
The Death of Office Real Estate
An upgrade of SLG was a shock, yes. Out of BMO today. This is the beginning of a squeeze. Everybody's given up on New York real estate except for the people who are trying to rent it. The deal caused it in creating a large just one. That's been a very good millennial play. Millennials downsize. They put their stuff in storage.
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