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Expecting “Clear Air Turbulence’ for Markets in 2025

Bloomberg Businessweek

CHAPTER

Trends in Office Construction and Demand

This chapter explores the current dynamics of the real estate market, particularly focusing on office construction and leasing trends. It discusses the impact of an increased supply of office spaces, the resurgence of demand in cities like San Francisco fueled by AI investments, and contrasting market segments responding differently to economic pressures. The conversation emphasizes long-term commitments from firms despite uncertainties and highlights the effects of natural disasters on housing availability and construction.

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